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

PPP Loan Data — American Dental Management PC, Fort Washington, PA

ALERT: There are 2 PPP loans for a total of $4.65M in our database for businesses with the name "American Dental Management PC" in Fort Washington, PA. 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 American Dental Management PC
PA

American Dental Management PC

Entity: Corporation

Industry: Offices of Dentists

Location: Fort Washington, PA

Search All PPP Data

American Dental Management PC is a corporation located at 401 Commerce Dr Ste 108 in Fort Washington, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,807,532.00 in February, 2021.

The company has reported itself as an Asian male owned business, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8888628400

Loan Size:

$1.81M

Jobs Retained:

250

Loan Approved:

2021-02-14

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

American Dental Management PC in Fort Washington, PA received a Paycheck Protection Loan of $1.81M through TD Bank, National Association, which was approved in February, 2021.

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

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, American Dental Management PC's 2019 payroll expenses are estimated to be at least $8.68M.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $34,705 per employee1

Reported PPP Proceed Usage:

On the PPP application, American Dental Management PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,807,526
  • Utilities: $1

Business Information - American Dental Management PC in Fort Washington, PA

American Dental Management PC
401 Commerce Dr Ste 108
Fort Washington, PA 19034

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Asian

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

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-04

Similar Companies near Fort Washington

In the Fort Washington area, 27 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 250) and received an average PPP loan of $237,250 (compared to this company's $1.81M).

Industry PPP Comparison Statistics

Nationwide, 167,529 businesses in the "Offices of Dentists" industry received a total of $13.63B 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 9 employees, 96% lower than American Dental Management PC's reported 250 employees, and received an average PPP loan of $81,389, 95% lower than this company's loan of $1.81M.

SBA PPP loan data, payroll data, and salaries for American Dental Management PC
PA

American Dental Management PC

Entity: Corporation

Industry: Offices of Dentists

Location: Fort Washington, PA

Search All PPP Data

American Dental Management PC is a corporation located at 401 Commerce Drive Suite 108 in Fort Washington, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,839,107.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least 460 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3998477100

Loan Size:

$2.84M

Jobs Retained:

460

Loan Approved:

2020-04-12

Loan Status:

Ongoing Loan

Lender:

TD Bank, National Association

American Dental Management PC in Fort Washington, PA received a Paycheck Protection Loan of $2.84M through TD Bank, National Association, 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

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, American Dental Management PC's 2019 payroll expenses are estimated to be at least $13.63M.

Based on their reported 460 jobs retained, this equals an estimated average yearly compensation of $29,625 per employee1

Reported PPP Proceed Usage:

On the PPP application, American Dental Management PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,839,107
Because the loan received by American Dental Management PC 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 - American Dental Management PC in Fort Washington, PA

American Dental Management PC
401 Commerce Drive Suite 108
Fort Washington, PA 19034

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Asian

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

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-04

Similar Companies near Fort Washington

In the Fort Washington area, 27 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 460) and received an average PPP loan of $237,250 (compared to this company's $2.84M).

Industry PPP Comparison Statistics

Nationwide, 167,529 businesses in the "Offices of Dentists" industry received a total of $13.63B 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 9 employees, 98% lower than American Dental Management PC's reported 460 employees, and received an average PPP loan of $81,389, 97% lower than this company's loan of $2.84M.

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/american-dental-management-pc-fort-washington-pa