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PPP Loan Data — B. Saweres DDS Inc,
Walnut Creek, CA
B. Saweres DDS Inc
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Walnut Creek, CA
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B. Saweres DDS Inc is a corporation located at 115 Millbrae Ct in Walnut Creek, California that received a Coronavirus-related PPP loan from the SBA of $40,832.00 in February, 2021.
The company has reported itself as an Asian male owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #5879908406
Loan Size:
Jobs Retained:
4Loan Approved:
2021-02-09Loan Status:
Ongoing LoanLender:
Cross River BankB. Saweres DDS Inc in Walnut Creek, CA received a Paycheck Protection Loan of $40,832 through Cross River Bank, 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 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, B. Saweres DDS Inc's 2019 payroll expenses are estimated to be at least $195,994.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $48,999 per employee1
Reported PPP Proceed Usage:
On the PPP application, B. Saweres DDS Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $40,832
Business Information - B. Saweres DDS Inc in Walnut Creek, CA
115 Millbrae Ct
Walnut Creek, CA 94598
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
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
Similar Companies near Walnut Creek
In the Walnut Creek area, 105 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 4) and received an average PPP loan of $201,759 (compared to this company's $40,832).
Similar Nearby Businesses Who Received PPP Funding:
Cornerstone Primary Care Inc
Walnut Creek, CA
Rebecca Parish, MD., Inc
Walnut Creek, CA
Yaron Friedman MD Inc
Walnut Creek, CA
Christopher Matock DC
Walnut Creek, CA
Dennis Y. Fong, MD., Professional Corporation
Walnut Creek, CA
Rinow Medical
Walnut Creek, CA
Norman Livermore MD
Walnut Creek, CA
Michael P. Sherman, MD., Ph,D., A Medical Corporation
Walnut Creek, CA
Kyoung-Sang Kang
Walnut Creek, CA
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 175% higher than B. Saweres DDS Inc's reported 4 employees, and received an average PPP loan of $123,474, 202% higher than this company's loan of $40,832.
B. Saweres DDS Inc
Entity: Corporation
Industry: Offices of Physicians (except Mental Health Specialists)
Location: Walnut Creek, CA
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•
Search All PPP Data
B. Saweres DDS Inc is a corporation located at 115 Millbrae Court in Walnut Creek, California that received a Coronavirus-related PPP loan from the SBA of $48,332.00 in May, 2020.
The company has reported itself as an Asian male owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #3650567810
Loan Size:
Jobs Retained:
4Loan Approved:
2020-05-26Loan Status:
Ongoing LoanLender:
Cross River BankB. Saweres DDS Inc in Walnut Creek, CA received a Paycheck Protection Loan of $48,332 through Cross River Bank, which was approved in May, 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 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, B. Saweres DDS Inc's 2019 payroll expenses are estimated to be at least $231,994.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $57,999 per employee1
Reported PPP Proceed Usage:
On the PPP application, B. Saweres DDS Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $48,332
Business Information - B. Saweres DDS Inc in Walnut Creek, CA
115 Millbrae Court
Walnut Creek, CA 94598
Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Race: Asian
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Walnut Creek
In the Walnut Creek area, 105 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 4) and received an average PPP loan of $201,759 (compared to this company's $48,332).
Similar Nearby Businesses Who Received PPP Funding:
Cornerstone Primary Care Inc
Walnut Creek, CA
Rebecca Parish, MD., Inc
Walnut Creek, CA
Yaron Friedman MD Inc
Walnut Creek, CA
Christopher Matock DC
Walnut Creek, CA
Dennis Y. Fong, MD., Professional Corporation
Walnut Creek, CA
Rinow Medical
Walnut Creek, CA
Norman Livermore MD
Walnut Creek, CA
Michael P. Sherman, MD., Ph,D., A Medical Corporation
Walnut Creek, CA
Kyoung-Sang Kang
Walnut Creek, CA
Industry PPP Comparison Statistics
Nationwide, 166,222 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $20.52B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 175% higher than B. Saweres DDS Inc's reported 4 employees, and received an average PPP loan of $123,474, 155% higher than this company's loan of $48,332.
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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