PPP Loan Data — David P. Croglio, DDS, Buffalo, NY
David P. Croglio, DDS is a sole proprietorship located at 2503 Kensington Avenue in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Manufacturers and Traders Trust Company
David P. Croglio, DDS in Buffalo, NY received a Paycheck Protection Loan of $25,100 through Manufacturers and Traders Trust Company, 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
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, David P. Croglio, DDS's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, David P. Croglio, DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,933
- Utilities: $2,167
Business Information - David P. Croglio, DDS in Buffalo, NY
2503 Kensington Avenue
Buffalo, NY 14226
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Buffalo
In the Buffalo area, 60 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 4) and received an average PPP loan of $132,652 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Jeffrey I Goldberg DDS PLLC
Bork RE LTD
Jeffrey I Goldberg DDS PLLC
Christopher Dantonio DDS
Walden Square Dental
Timothy Paul Strzalka
Patricia A. Haberman, DDS., PC
David M Goldstein DDS PC
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 David P. Croglio, DDS's reported 4 employees, and received an average PPP loan of $80,703, 222% higher than this company's loan of $25,100.
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Footnotes & Information
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