PPP Loan Data — Brevard Dental Care PLLC, Melbourne, FL
Brevard Dental Care PLLC is a limited liability company (LLC) located at 7025 N Wickham Rd Ste 105 in Melbourne, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Brevard Dental Care PLLC in Melbourne, FL received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in January, 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, Brevard Dental Care PLLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brevard Dental Care PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,997
- Utilities: $1
Business Information - Brevard Dental Care PLLC in Melbourne, FL
7025 N Wickham Rd Ste 105
Melbourne, FL 32940
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Melbourne
In the Melbourne area, 30 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 4) and received an average PPP loan of $68,945 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Michael S. Fowler, DMD, PA
Carl Jones, DDS Inc. DBA Brevard Endodontics
321 Family Dental PLLC
Indian River Dental LLC
Natalia Valderrama DDS PA
Mei's Dental PA
Andrew Langston, DMD, PLLC
Viera Modern Dentistry, PA
James W Antoon DMD PA
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, 100% higher than Brevard Dental Care PLLC's reported 4 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $25,000.
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Footnotes & Information
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