PPP Loan Data — Zufall Health Center Inc, Dover, NJ
Zufall Health Center Inc
Entity: Non-profit Organization
Location: Dover, NJTweet This • Search All PPP Data
Zufall Health Center Inc is a non-profit organization located at 18 W Blackwell St in Dover, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,119,360.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Zufall Health Center Inc in Dover, NJ received a Paycheck Protection Loan of $3.12M through Provident Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Zufall Health Center Inc's 2019 payroll expenses are estimated to be at least $14.97M.
Based on their reported 336 jobs retained, this equals an estimated average yearly compensation of $44,562 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zufall Health Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,119,360
Business Information - Zufall Health Center Inc in Dover, NJ
18 W Blackwell St
Dover, NJ 7801
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: Y
Rural / Urban: Urban
Similar Companies near Dover
In the Dover area, 10 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 336) and received an average PPP loan of $434,830 (compared to this company's $3.12M).
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Industry PPP Comparison Statistics
Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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, 97% lower than Zufall Health Center Inc's reported 336 employees, and received an average PPP loan of $119,313, 96% lower than this company's loan of $3.12M.
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