PPP Loan Data — Ben Banks,DDS, Dallas, TX
Ben Banks,DDS is a sole proprietorship located at 4229 W Lovers Ln in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $46,743.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Ben Banks,DDS in Dallas, TX received a Paycheck Protection Loan of $46,743 through Bank of America, National Association, which was approved in May, 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 April, 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, Ben Banks,DDS's 2019 payroll expenses are estimated to be at least $224,366.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,789 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ben Banks,DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,743
Business Information - Ben Banks,DDS in Dallas, TX
4229 W Lovers Ln
Dallas, TX 75209
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 48 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $60,920 (compared to this company's $46,743).
Similar Nearby Businesses Who Received PPP Funding:
Wesley Dental PLLC
Bishop Arts Dental, PLLC
G Mark Jenkins MD PA
Spring Valley Crossing Dental, PA
Westcliff Dental, PA
Maria Elba Garcia-Ibancovichi, DDS DBA None
Marisol Vargas DDS PC
J. Eric Hibbs, 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, 167% higher than Ben Banks,DDS's reported 3 employees, and received an average PPP loan of $80,703, 73% higher than this company's loan of $46,743.
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Footnotes & Information
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