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PPP Loan Data — Advanced Dental Management, LLC, Canton, MA

SBA PPP loan data, payroll data, and salaries for Advanced Dental Management, LLC
MA

Advanced Dental Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Canton, MA

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Advanced Dental Management, LLC is a limited liability company (LLC) located at 500 Chapman St in Canton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $4,148,015.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.15M

Jobs Retained:

389

Loan Approved:

2020-04-16

Lender:

BROOKLINE BANK

Advanced Dental Management, LLC received a Paycheck Protection Loan of $4.15M through BROOKLINE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Advanced Dental Management, LLC's total 2019 payroll expenses were approximately $19.91M in order to qualify for the PPP loan amount received.

Based on their reported 389 jobs retained, this equals an estimated average yearly compensation of $51,184 per employee1.

Because the loan received by Advanced Dental Management, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Advanced Dental Management, LLC in Canton, MA

Advanced Dental Management, LLC
500 Chapman St
Canton, MA 2021

Business Industry

Offices of Dentists (NAICS code 621210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-08

Similar Companies near Canton

In the Canton area, 13 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 389) and received an average PPP loan of $386,997 (compared to this company's $4.15M).

Industry PPP Comparison Statistics

Nationwide, 101,110 businesses in the "Offices of Dentists" industry received a total of $8,216,479,982.00 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 7 employees, 98% lower than Advanced Dental Management, LLC's reported 389 employees, and received an average PPP loan of $81,263, 98% lower than this company's loan of $4.15M.

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.

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Footnotes & Information

1. 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/advanced-dental-management-llc-canton-ma