PPP Loan Data — Bayridgedental PLLC, Brooklyn, NY
Bayridgedental PLLC is a limited liability company (LLC) located at 7708 5th Avenue in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $25,170.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Bayridgedental PLLC in Brooklyn, NY received a Paycheck Protection Loan of $25,170 through Manufacturers and Traders Trust Company, 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 February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Bayridgedental PLLC's 2019 payroll expenses are estimated to be at least $120,816.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,259 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bayridgedental PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,500
- Utilities: $670
- Rent: $6,000
Business Information - Bayridgedental PLLC in Brooklyn, NY
7708 5th Avenue
Brooklyn, NY 11209
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Brooklyn
In the Brooklyn area, 115 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $49,141 (compared to this company's $25,170).
Similar Nearby Businesses Who Received PPP Funding:
Valentino And Valentino DDS PC
Yeung's Dental Care PC
Bay Ridge Smiles Dentistry PLLC
Wilson Duong DDS PC
Aesthetic And Implant Dental Arts PC
Tooth Care PC
Michael J Comito Jr DDS PC
Dr Mehtas Dental LLC
Michael Acquista DDS
Industry PPP Comparison Statistics
Nationwide, 173,521 businesses in the "Offices of Dentists" industry received a total of $14B in PPP loans. These businesses account for 1% 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, 14% higher than Bayridgedental PLLC's reported 7 employees, and received an average PPP loan of $80,703, 221% higher than this company's loan of $25,170.
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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