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PPP Loan Data — Dental Associates Family & Specialty Care LLC, Milwaukee, WI

SBA PPP loan data, payroll data, and salaries for Dental Associates Family & Specialty Care LLC
WI

Dental Associates Family & Specialty Care LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Milwaukee, WI

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Dental Associates Family & Specialty Care LLC is a limited liability company (LLC) located at 205 E. Wisconsin Ave in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $6,406,055.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$6.41M

Jobs Retained:

500

Loan Approved:

2020-04-14

Lender:

FIFTH THIRD BANK

Dental Associates Family & Specialty Care LLC received a Paycheck Protection Loan of $6.41M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dental Associates Family & Specialty Care LLC's total 2019 payroll expenses were approximately $30.75M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $61,498 per employee1.

Because the loan received by Dental Associates Family & Specialty Care 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 - Dental Associates Family & Specialty Care LLC in Milwaukee, WI

Dental Associates Family & Specialty Care LLC
205 E. Wisconsin Ave
Milwaukee, WI 53202

Business Industry

Offices of Dentists (NAICS code 621210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: WI-04

Similar Companies near Milwaukee

In the Milwaukee area, 16 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 500) and received an average PPP loan of $581,424 (compared to this company's $6.41M).

Industry PPP Comparison Statistics

Nationwide, 101,110 businesses in the "Offices of Dentists" industry received a total of $8,216,479,982.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 99% lower than Dental Associates Family & Specialty Care LLC's reported 500 employees, and received an average PPP loan of $81,263, 99% lower than this company's loan of $6.41M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dental-associates-family-and-specialty-care-llc-milwaukee-wi