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

PPP Loan Data — Cherry Tree Dental LLC, Madison, WI

ALERT: There are 2 PPP loans for a total of $3.81M in our database for businesses with the name "Cherry Tree Dental LLC" in Madison, WI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Cherry Tree Dental LLC
WI

Cherry Tree Dental LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Madison, WI

Search All PPP Data

Cherry Tree Dental LLC is a limited liability company (LLC) located at 8025 Excelsior Dr in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least 179 people during the applicable loan loan period.

$ PPP Loan Information
Loan #2291148300

Loan Size:

$2M

Jobs Retained:

179

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

Starion Bank

Cherry Tree Dental LLC in Madison, WI received a Paycheck Protection Loan of $2M through Starion Bank, which was approved in January, 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 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, Cherry Tree Dental LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $53,631 per employee1

Reported PPP Proceed Usage:

On the PPP application, Cherry Tree Dental LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,996
  • Utilities: $1
Because the loan received by Cherry Tree Dental LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Cherry Tree Dental LLC in Madison, WI

Cherry Tree Dental LLC
8025 Excelsior Dr
Madison, WI 53717

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

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

Dane County, WI — SBA Office 0563 — Congressional District: WI-02

Similar Companies near Madison

In the Madison area, 34 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 179) and received an average PPP loan of $314,226 (compared to this company's $2M).

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, 96% lower than Cherry Tree Dental LLC's reported 179 employees, and received an average PPP loan of $80,703, 96% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Cherry Tree Dental, LLC
WI

Cherry Tree Dental, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Madison, WI

Search All PPP Data

Cherry Tree Dental, LLC is a limited liability company (LLC) located at 8025 Excelsior Dr in Madison, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,809,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 192 people during the applicable loan loan period.

$ PPP Loan Information
Loan #4350327005

Loan Size:

$1.81M

Jobs Retained:

192

Loan Approved:

2020-04-03

Loan Status:

Paid in Full or Forgiven

Lender:

Starion Bank

Cherry Tree Dental, LLC in Madison, WI received a Paycheck Protection Loan of $1.81M through Starion Bank, 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 December, 2020.

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, Cherry Tree Dental, LLC's 2019 payroll expenses are estimated to be at least $8.68M.

Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $45,225 per employee1

Reported PPP Proceed Usage:

On the PPP application, Cherry Tree Dental, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,356,750
  • Mortgage Interest: $237,564
  • Rent: $214,686

Business Information - Cherry Tree Dental, LLC in Madison, WI

Cherry Tree Dental, LLC
8025 Excelsior Dr
Madison, WI 53717

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

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

Dane County, WI — SBA Office 0563 — Congressional District: WI-02

Similar Companies near Madison

In the Madison area, 34 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 192) and received an average PPP loan of $314,226 (compared to this company's $1.81M).

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, 96% lower than Cherry Tree Dental, LLC's reported 192 employees, and received an average PPP loan of $80,703, 96% lower than this company's loan of $1.81M.

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.


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Source: www.federalpay.org/paycheck-protection-program/cherry-tree-dental-llc-madison-wi