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PPP Loan Data — Aspen Dental Associates Of Hudson Valley PLLC,
Schenectady, NY
Aspen Dental Associates Of Hudson Valley PLLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Dentists
Location: Schenectady, NY
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Aspen Dental Associates Of Hudson Valley PLLC is a limited liability company (LLC) located at 1710 Altamont Ave in Schenectady, New York that received a Coronavirus-related PPP loan from the SBA of $1,983,446.00 in May, 2021.
$
PPP Loan Information
Loan #3577589005
Loan Size:
Jobs Retained:
220Loan Approved:
2021-05-18Loan Status:
Ongoing LoanLender:
KeyBank National AssociationAspen Dental Associates Of Hudson Valley PLLC in Schenectady, NY received a Paycheck Protection Loan of $1.98M through KeyBank National Association, which was approved in May, 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 MoreUnderstanding 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 MoreBased 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, Aspen Dental Associates Of Hudson Valley PLLC's 2019 payroll expenses are estimated to be at least $9.52M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $43,275 per employee1
Reported PPP Proceed Usage:
On the PPP application, Aspen Dental Associates Of Hudson Valley PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,983,446
Business Information - Aspen Dental Associates Of Hudson Valley PLLC in Schenectady, NY
1710 Altamont Ave
Schenectady, NY 12303
Business Industry:
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Schenectady
In the Schenectady area, 24 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 220) and received an average PPP loan of $266,242 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Randolph Blakeman
Schenectady, NY
David M Coppola DDS
Scotia, NY
Advanced Aesthetics Dentistry
Schenectady, NY
Guilderland Family Dentistry
Schenectady, NY
David G Kaplan DMD
Scotia, NY
David Kaplan DMD
Schenectady, NY
Scott S Soul
Schenectady, NY
DR. Stuart Kraut DMD
Schenectady, NY
Randolph F Blakeman DDS
Schenectady, NY
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, 96% lower than Aspen Dental Associates Of Hudson Valley PLLC's reported 220 employees, and received an average PPP loan of $80,744, 96% lower than this company's loan of $1.98M.
Aspen Dental Associates Of Hudson Valley, PLLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Dentists
Location: Schenectady, NY
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Aspen Dental Associates Of Hudson Valley, PLLC is a limited liability company (LLC) located at 1710 Altamont Avenue in Schenectady, New York that received a Coronavirus-related PPP loan from the SBA of $2,622,721.00 in April, 2020.
$
PPP Loan Information
Loan #2430027108
Loan Size:
Jobs Retained:
187Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
KeyBank National AssociationAspen Dental Associates Of Hudson Valley, PLLC in Schenectady, NY received a Paycheck Protection Loan of $2.62M through KeyBank National Association, 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 July, 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 MoreUnderstanding 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 MoreBased 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, Aspen Dental Associates Of Hudson Valley, PLLC's 2019 payroll expenses are estimated to be at least $12.59M.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $67,321 per employee1
Reported PPP Proceed Usage:
On the PPP application, Aspen Dental Associates Of Hudson Valley, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,622,721
Business Information - Aspen Dental Associates Of Hudson Valley, PLLC in Schenectady, NY
1710 Altamont Avenue
Schenectady, NY 12303
Business Industry:
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Schenectady
In the Schenectady area, 24 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 187) and received an average PPP loan of $266,242 (compared to this company's $2.62M).
Similar Nearby Businesses Who Received PPP Funding:
Randolph Blakeman
Schenectady, NY
David M Coppola DDS
Scotia, NY
Advanced Aesthetics Dentistry
Schenectady, NY
Guilderland Family Dentistry
Schenectady, NY
David G Kaplan DMD
Scotia, NY
David Kaplan DMD
Schenectady, NY
Scott S Soul
Schenectady, NY
DR. Stuart Kraut DMD
Schenectady, NY
Randolph F Blakeman DDS
Schenectady, NY
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, 96% lower than Aspen Dental Associates Of Hudson Valley, PLLC's reported 187 employees, and received an average PPP loan of $80,744, 97% lower than this company's loan of $2.62M.
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.
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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