PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — A S A P Smile Center Inc, Little Rock, AR

ALERT: There are 2 PPP loans for a total of $234,600 in our database for businesses with the name "A S A P Smile Center Inc" in Little Rock, AR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for A S A P Smile Center Inc
AR

A S A P Smile Center Inc

Entity: Corporation

Industry: Offices of Dentists

Location: Little Rock, AR

Search All PPP Data

A S A P Smile Center Inc is a corporation located at 11 Office Park Dr in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $96,224.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information
Loan #8417538510

Loan Size:

$96,224

Jobs Retained:

10

Loan Approved:

2021-03-09

Loan Status:

Paid in Full or Forgiven

Lender:

Arkansas Capital Corporation

A S A P Smile Center Inc in Little Rock, AR received a Paycheck Protection Loan of $96,224 through Arkansas Capital Corporation, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, A S A P Smile Center Inc's 2019 payroll expenses are estimated to be at least $461,875.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $46,188 per employee1

Reported PPP Proceed Usage:

On the PPP application, A S A P Smile Center Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $96,224

Business Information - A S A P Smile Center Inc in Little Rock, AR

A S A P Smile Center Inc
11 Office Park Dr
Little Rock, AR 72211

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Pulaski County, AR — SBA Office 0669 — Congressional District: AR-02

Similar Companies near Little Rock

In the Little Rock area, 65 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 10) and received an average PPP loan of $85,672 (compared to this company's $96,224).

Industry PPP Comparison Statistics

Nationwide, 173,223 businesses in the "Offices of Dentists" industry received a total of $13.99B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 20% lower than A S A P Smile Center Inc's reported 10 employees, and received an average PPP loan of $80,744, 16% lower than this company's loan of $96,224.

SBA PPP loan data, payroll data, and salaries for A S A P Smile Center, Inc
AR

A S A P Smile Center, Inc

Entity: Corporation

Industry: Offices of Dentists

Location: Little Rock, AR

Search All PPP Data

A S A P Smile Center, Inc is a corporation located at 11 Office Park Dr in Little Rock, Arkansas that received a Coronavirus-related PPP loan from the SBA of $138,376.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information
Loan #7425667208

Loan Size:

$138,376

Jobs Retained:

10

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Arkansas Capital Corporation

A S A P Smile Center, Inc in Little Rock, AR received a Paycheck Protection Loan of $138,376 through Arkansas Capital Corporation, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, A S A P Smile Center, Inc's 2019 payroll expenses are estimated to be at least $664,205.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $66,421 per employee1

Reported PPP Proceed Usage:

On the PPP application, A S A P Smile Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $138,376

Business Information - A S A P Smile Center, Inc in Little Rock, AR

A S A P Smile Center, Inc
11 Office Park Dr
Little Rock, AR 72211

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Pulaski County, AR — SBA Office 0669 — Congressional District: AR-02

Similar Companies near Little Rock

In the Little Rock area, 65 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 10) and received an average PPP loan of $85,672 (compared to this company's $138,376).

Industry PPP Comparison Statistics

Nationwide, 173,223 businesses in the "Offices of Dentists" industry received a total of $13.99B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 20% lower than A S A P Smile Center, Inc's reported 10 employees, and received an average PPP loan of $80,744, 42% lower than this company's loan of $138,376.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/a-s-a-p-smile-center-inc-little-rock-ar