PPP Loan Data — David S. Hijab, DDS, La Vale, MD
David S. Hijab, DDS is a subchapter s corporation located at 13106 Winchester Road Southwest in La Vale, Maryland that received a Coronavirus-related PPP loan from the SBA of $45,897.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
David S. Hijab, DDS in La Vale, MD received a Paycheck Protection Loan of $45,897 through Manufacturers and Traders Trust Company, 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 March, 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, David S. Hijab, DDS's 2019 payroll expenses are estimated to be at least $220,306.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,061 per employee1
Reported PPP Proceed Usage:
On the PPP application, David S. Hijab, DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,397
- Utilities: $1,500
- Rent: $8,000
Business Information - David S. Hijab, DDS in La Vale, MD
13106 Winchester Road Southwest
La Vale, MD 21502
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near La Vale
In the La Vale area, 25 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 5) and received an average PPP loan of $64,123 (compared to this company's $45,897).
Similar Nearby Businesses Who Received PPP Funding:
Charles T. Hager DDS
Family Values Dental LLC
Joseph A. Nelson, DDS
Ryan D Pensyl DMD PA
Janice Blough-Labuda DMD PA
La Vale, MD
Gaydeski Dental Care PC
Frank Breitfeller DDS LLC
Dental Wellness Center
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, 60% higher than David S. Hijab, DDS's reported 5 employees, and received an average PPP loan of $80,703, 76% higher than this company's loan of $45,897.
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Footnotes & Information
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