PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Centennial Village Dental Group PC, Memphis, TN

SBA PPP loan data, payroll data, and salaries for Centennial Village Dental Group PC
TN

Centennial Village Dental Group PC

Entity: Corporation

Industry: Offices of Dentists

Location: Memphis, TN

Search All PPP Data

Centennial Village Dental Group PC is a corporation located at 7825 Winchester Rd Ste 115 in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $61,175.00 in April, 2020.

$ PPP Loan Information
Loan #7374857205

Loan Size:

$61,175

Jobs Retained:

6

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

Bank of Bartlett

Centennial Village Dental Group PC in Memphis, TN received a Paycheck Protection Loan of $61,175 through Bank of Bartlett, which was approved in April, 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 More
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.

Read More

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, Centennial Village Dental Group PC's 2019 payroll expenses are estimated to be at least $293,640.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $48,940 per employee1

Reported PPP Proceed Usage:

On the PPP application, Centennial Village Dental Group PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $61,175

Business Information - Centennial Village Dental Group PC in Memphis, TN

Centennial Village Dental Group PC
7825 Winchester Rd Ste 115
Memphis, TN 38125

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Shelby County, TN — SBA Office 0474 — Congressional District: TN-08

Similar Companies near Memphis

In the Memphis area, 10 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $56,990 (compared to this company's $61,175).

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, 33% higher than Centennial Village Dental Group PC's reported 6 employees, and received an average PPP loan of $80,703, 32% higher than this company's loan of $61,175.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/centennial-village-dental-group-pc-memphis-tn