PPP Loan Data — Advanced Dental Management, LLC, Canton, MA
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
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.
Business Information - Advanced Dental Management, LLC in Canton, MA
500 Chapman St
Canton, MA 2021
Offices of Dentists (NAICS code 621210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Neponset River Valley Dental Center Inc
Konstantin Ronkin/Evetta Shwartzman Managment Corp
Danika Crabtree DMD, MA
Cobb Corner Endodontics
Canton Dental Group
Konstantin Ronkin DMD & Evetta Shwartzman DMD PC
Adib I Lakis PC
Canton Family Dental PLLC
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.
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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