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Paycheck Protection Program resumed. Top Recipients include many prominent Physicians from the First PPP Draw. Check Out Who Got How Much

Small Business Administration (SBA), in consultation with the U.S. Treasury Department, reopened the Paycheck Protection Program (PPP) for PPP Loans. SBA is currently accepting Second Draw PPP loan applications from participating lenders. At least $25 billion is being set aside for Second Draw PPP Loans to eligible borrowers with a maximum of 10 employees or for loans of $250,000 or less to eligible borrowers in low or moderate-income neighborhoods.

A borrower is generally eligible for a Second Draw PPP Loan if the borrower: 

  • Previously received a First Draw PPP Loan and will or has used the full amount only for authorized uses
  • Has no more than 300 employees; and
  • Can demonstrate at least a 25% reduction in gross receipts between comparable quarters in 2019 and 2020

Many local Indian/South Asian American businesses were the beneficiary of the first draw Paycheck Protection Program (PPP). Physicians from the Indian community were the major beneficiaries from the first draw PPP while other small businesses – Indian restaurants, convenience stores, and numerous family-owned small businesses received much smaller amount as the program was based on the number of employees retained by the recipient business.

First Draw PPP Loans made to eligible borrowers qualify for full loan forgiveness if during the 8- to 24-week covered period following loan disbursement, the employee and compensation levels are maintained; the loan proceeds are spent on payroll costs and other eligible expenses, and at least 60 percent of the proceeds are spent on payroll costs.

More than forty-five thousand Nevada businesses applied for the PPP Loan. Nevada businesses received over $4 Billion in loans to meet the payroll, an average of $92,889 per applicant. Over $20 million was received in $150,000 or more per recipient by the Las Vegas-based 50 Indian American businesses with a net impact of saving over 2,400 jobs. Several business owners received multiple funding from the PPP as they have multiple businesses under different corporate names. Recipients under $150,000 are not listed.

Below is a list of the Las Vegas-based Indian (including South Asian) American businesses receiving up to $150,000 during the first PPP draw loans. The top of the list is Nevada Heart & Vascular Center with over $1.7 million in PPP loan, second on the list is Indo Cal Foods, a Jack in the Box franchisee owned by Jyoti Madhura & partners received over $1.18 million, followed by many prominent local Indian community Physicians group. 

Cal Foods retained over 355 employees during the beginning of the pandemic. Deepak Shroff’s Great Clips received close to $500,000 retaining 119 employees. Non-medical recipients include a law firm, educational service firm, investment banking company, and a restaurant.

Over $20 million was received in $150,000 or more by the Las Vegas-based 50 Indian American businesses with a net impact of saving more than 2,400 jobs.

The smallest PPP Loan amount of $1,275 went to Nikhil Patel of Patel Bookkeeping Service. Hindu Mandir received $13,600 while Guru Nanak Gurdwara’s PPP Loan was $7,748.

Business Name Amount Officer/Principal Jobs Retained 
NEVADA HEART AND VASCULAR CENTER, PHYSICIANS, LLP      1,713,200 Indian Physicians Diverse Group                   219 
INDO CAL FOODS INC – Jack In The Box      1,182,900 Jack In the Box – Jyoti Madhura                   355 
WEST LAS VEGAS SURGERY CENTER LLC         944,890 Dr. Vishal Gandotra/Dr. Ranadev Mukherjee                   100 
R.D. PRABHU – LATA K. SHETE, M.D.’S LTD         927,600 Dr. R D Prabhu                   102 
STEWART PULMONARY ASSOCIATES, LTD         875,000 Dr. Naresh Singh                     80 
HEART CENTER OF NEVADA         808,107 Dr. Sohail Anjum Group                   219 
MARTIN, MD, MAVROIDIS, MD, DHUDSHIA, MD, & FEIKES, MD, CARDI         633,700 Dr. Neel Dhudshia                     33 
EAR, NOSE & THROAT CONSULTANTS OF NEVADA, L.L.P.         622,240 Dr. Ashley Sikand Group                     64 
DIGESTIVE ASSOCIATES, LLP         620,200 Dr. Vish Sharma Group                     63 
INSTITUTE OF ORTHOPAEDIC SURGERY, LLC         585,800 Dr. Parminder Kang Group                     54 
PERSONAL INJURY OF NEVADA         570,500 Farhn Naqvi                     69 
SANJAY KANDOTH MD PC         561,525 Dr. Sanjay Kandoth                     48 
KITTUSAMY LLC DBA LAS VEGAS RADIOLOGY/LAS VEGAS CARDIOLOGY         541,250 Dr. Prem Kittusamy                     55 
NEVADA CARDIOLOGY PROFESSIONAL ASSOCIATION         508,762 Dr. Jawad Kiani Group                     49 
LAS VEGAS WOUND CARE, LLC         508,584 Dr. Amit Valera Unknown 
ABBEY DENTAL DRAKE, PLLC         498,618 Dr. Michael Khanna Group                     35 
VGURU LLC – Great Clips         494,700 Deepak Shroff                   119 
LAS VEGAS SURGICAL ASSOCIATES, LLP         376,200 Dr. Yogesh Patel                     67 
PALM MEDICAL GROUP, NAKHLE MD PLLC         375,743 Dr. Samer Nakhle                     41 
FAMILY DOCTORS RAMANATHAN, PLLC         370,390 Dr. Ravi Ramanathan                     35 
JALDEEP DAULAT, D.O., PROFESSIONAL CORPORATION         359,300 Dr. Jaldeep Daulat                     40 
PROVIDENCE DENTAL DHILLON, PLLC         351,300 Dr Gurbrinder Dhillon Unknown 
JANDA, MAHAJAN & BALSIGER, PLLC         324,606 Dr. Paul Janda                     73 
PAUL PADDA LAW PLLC         315,000 Paul Padda                     20 
NAGARAGHU DHANYAMRAJU – Profl. Svc. Computer Systems Design         307,354 Nagaraghu                       5
ROHIT JAWA DBA ACEZENITH – Prof. & Technical Services         302,812 Rohit Jawa                     10 
VENKAT VEERAPPAN MD PC         297,000 Dr. Venkat Veerappan                     13 
WIJESINGHE PEDIATRICS PC         255,000 Dr. Carrie Wijesinghe                     23 
RAM K SINGH MD LTD         253,871 Dr. Ram Singh Unknown 
SMOKE RANCH SURGERY CENTER LLC         231,900 Dr. Jaswinder Grover                     20 
NAREN CHELIAN DDS PC         231,200 Dr. Naren Chelian                     23 
VILAS BALAKRISHNA DMD PC         225,226 Dr. Vilas Blakrishna                     18 
CHANDRA REDDY NARALA MD PROF CORP         196,704 Dr. Chandra Narala                     19 
GILL ENTERPRISES INC         184,445 Harvinder S Gill                     61 
MEENA P. VOHRA, M.D., P.C.         183,607 Dr. Meena Vohra                       7
AFFINITY SURGERY CENTER         175,700 Suhel Siddiqui, CEO                     33 
PATEL EDUCATIONAL SERVICES INC         174,970 Shaan Patel                     10 
IDEAGLO LLC         172,940 Chintan (Kris) Parikh – Mint India Restaurant                     15 
MEGHA GROUP LLC – Unclassified Business         168,020 Jay Megha                     75 
HIMANSU SHAH, MD, PLLC         167,400 Dr. Himansu Shah                     11 
ASEEM CHAWLA DMD LLC         164,900 Dr. Aseem Chawla                     12 
VALTUS CAPITAL GROUP LLC – Investment Banking         162,600 Vinay Singhal                       5
PANKAJ BHATNAGAR, M.D. A PROFESSIONAL CORPORATION         160,787 Dr. Pankaj Bhatnagar                     16 
SHANKER N DIXIT, M.D. PC         159,300 Dr. Shankar Dixit                     11 
ABBEY DENTAL CENTER, INC         157,770 Dr. Michael Khanna                     14 
RACHNA GUPTA, D.O., P.C.         156,300 Dr. Rachna Gupta                     14 
UNITED BOTHERS HOSPITALITY GROUP LLC         156,300 Bhupinder Bhatti – Hospitality and Retail                     30 
SATISH K SHARMA DBA ADVANCED PAIN MANANGEMENT CENTER         155,217 Dr. Satish Sharma                     13 
GUPTA HEART AND VASCULAR CENTER OF LAS VEGAS PC         152,747 Dr. Manish  Gupta                     12 
PURE MEXICAN GRILL LLC         150,600 Raja Mittal/Surjeet Heera                     37 
Total Recipients over $150,000 $20,363,785                  
Total Recipients over $150,000 $20,174,785 
Total Jobs Retained             Over 2,400 
Highest Amount Paid    $1,713,200 
No. of Businesses                  50

*vegasdesi editor is an employee of Paul Padda Law PLLC

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9 Comments to Paycheck Protection Program resumed. Top Recipients include many prominent Physicians from the First PPP Draw. Check Out Who Got How Much

  1. Peter says:

    PPP loans: Free money . Ideally if your practice is closed and paying employees – should be eligible. But keeping it open and making money and asking money – because it is available is UNETHICAL and taking advantage of system while depriving needy small businesses. We should publish the names of Honest Physicians who refused PPP because 1. They have accumulated enough from Medicare and insurance s over the years , to support their employees. 2. Consciously preferred someone else to take the money in real need.

    It also bring a larger question: i These bussiness people – with freedom of billing ( whether insurance or cash )in their practice
    must have been exploiting for long time of practice.

  2. Juggu Buggu Singh says:

    Well this is about the most idiotic thing I’ve read today. While the title targets physicians the writer of this article also took part in accepting over 300k with his affiliation to Paul Padda Law. What a joke!

    • peter says:

      Jaggu,Banguand PAPPU;
      PAPPU JI ,

  3. Singh says:

    About your comment above I presumed you’re a Physician and not revealing your true identity. Please don’t hide behind the clownish name Juggu Buggu Singh. You may be on the list with a big PPP Loan and don’t want the readers to know about it. I have known Swadeep, editor of vegasdesi, for over twenty years. He has professional mannerism when it comes to reporting and since the launch of vegasdesi has reported the news within the community without any prejudice.

    Nothing in this article is demeaning or putting anyone down. The above article is not targeted towards Physicians or anyone else in the community. Physicians just happened to be employers who saved thousands of jobs and in return received a majority of the PPP Loan money within the Indian business community. The article clearly says that many small local Indian community-owned businesses got the loan as well – from smoke shops, convenience stores, places of worship to a bookkeeper. You should thank the editor for disclosing his employer in maintaining the high ethical standards, integrity, and without any bias on this informational site.

  4. nio says:

    The feds will be looking into all of these businesses real soon on the PPP disbursements. They already have been notified of this nonsense. Let’s see who needs a lawyer soon.

  5. peter says:

    PPP money must go to Employees so employees donot have to seek for un employment. Employee seeking unemployment and business getting PPP is a BIG issue including imprisonment. While paying/non paying employees and practicing /sending invoices for medical billing such as Medicare will be considered as double dipping. Those who went for free money is on record and will go against as and when time will come. Free is never free .

  6. Desiameri says:

    A quote from the article; “Over $20 million was received in $150,000 or more by the Las Vegas-based 50 Indian American businesses with a net impact of saving more than 2,400 jobs.
    Seriously? Does it mean the recipient had laid off all the employees and closed down their businesses/practices without the PPP money? In fact, none of the doctors would have laid off anyone. So that is where the unethical behavior or conduct is evident. Greed!

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