PPP Loan Data — Aspen Dental Associates Of Nepa, PLLC, Coopersburg, PA

Aspen Dental Associates Of Nepa, PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Coopersburg, PA

Aspen Dental Associates Of Nepa, PLLC is a limited liability company (LLC) located at 4255 Lotus Ln in Coopersburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,527,838.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 232 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4971527107

Loan Size:

$3.53M

Jobs Retained:

232

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Aspen Dental Associates Of Nepa, PLLC in Coopersburg, PA received a Paycheck Protection Loan of $3.53M 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.

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.

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, Aspen Dental Associates Of Nepa, PLLC's 2019 payroll expenses are estimated to be at least $16.93M.

Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $72,990 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Aspen Dental Associates Of Nepa, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,527,838

Because the loan received by Aspen Dental Associates Of Nepa, PLLC 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 - Aspen Dental Associates Of Nepa, PLLC in Coopersburg, PA

Aspen Dental Associates Of Nepa, PLLC
4255 Lotus Ln
Coopersburg, PA 18036

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Lehigh County, PA — SBA Office 0303 — Congressional District: PA-07

Similar Companies near Coopersburg

In the Coopersburg area, 5 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 232) and received an average PPP loan of $748,950 (compared to this company's $3.53M).

Similar Nearby Businesses Who Received PPP Funding:

S John Salivonchik DMD PC
Coplay, PA

$71,100 PPP Loan

Mary Cresseveur-Reed DDS LLC
Coopersburg, PA

$54,710 PPP Loan

Dr Wechtler & Associates Inc
Coopersburg, PA

$20,000 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 173,219 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, 97% lower than Aspen Dental Associates Of Nepa, PLLC's reported 232 employees, and received an average PPP loan of $80,743, 98% lower than this company's loan of $3.53M.

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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