PPP Loan Data — Zachary Internal Medicine Clinic LLC, Zachary, LA
Zachary Internal Medicine Clinic LLC
Entity: Limited Liability Company (LLC)
Location: Zachary, LATweet This • Search All PPP Data
Zachary Internal Medicine Clinic LLC is a limited liability company (LLC) located at 19850 Old Scenic Highway Ste 300 in Zachary, Louisiana that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Investar Bank, National Association
Zachary Internal Medicine Clinic LLC in Zachary, LA received a Paycheck Protection Loan of $46,600 through Investar Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Zachary Internal Medicine Clinic LLC's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,954 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zachary Internal Medicine Clinic LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,600
Business Information - Zachary Internal Medicine Clinic LLC in Zachary, LA
19850 Old Scenic Highway Ste 300
Zachary, LA 70791
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Zachary
In the Zachary area, 11 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $49,870 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
Baron J. Williamson, MD. (A Professional Medical Corporatio
Stephanie L. Cooper Fnp-C LLC
Laurie H. Harrington, MD., LLC
Innovative Medical Services LLC
Wilkes Enterprises Healing Place Medical Center LLC
TKZ Pediatrics LLC
Innovative Medical Services LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 57% higher than Zachary Internal Medicine Clinic LLC's reported 7 employees, and received an average PPP loan of $119,087, 156% higher than this company's loan of $46,600.
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