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PPP Loan Data — Dental Health Associates LTD,
Fitchburg, WI
Dental Health Associates LTD
Entity: Subchapter S Corporation
Industry: Offices of Dentists
Location: Fitchburg, WI
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Dental Health Associates LTD is a subchapter s corporation located at 2971 Chapel Valley Rd in Fitchburg, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #6749468303
Loan Size:
Jobs Retained:
295Loan Approved:
2021-01-27Loan Status:
Paid in Full or ForgivenLender:
Johnson BankDental Health Associates LTD in Fitchburg, WI received a Paycheck Protection Loan of $2M through Johnson Bank, which was approved in January, 2021.
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 October, 2021.
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 MoreUnderstanding 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 MoreBased 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, Dental Health Associates LTD's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $32,542 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dental Health Associates LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,995
- Utilities: $1
Business Information - Dental Health Associates LTD in Fitchburg, WI
2971 Chapel Valley Rd
Fitchburg, WI 53711
Business Industry:
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fitchburg
In the Fitchburg area, 17 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 295) and received an average PPP loan of $764,180 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
DR. David A Besley, DDS, Inc
Madison, WI
Prosthetic Dental Associates Of Madison
Madison, WI
Nakoma Dental
Madison, WI
Nakoma Dental, LLC
Madison, WI
Monroe Street Family Dentalllc
Madison, WI
N A Mannarino DDS SC
Madison, WI
Jennifer Bergstrom DDS
Fitchburg, WI
Children's Dental Center Of Madison SC
Fitchburg, WI
Daniel P Hyland LLC
Madison, WI
Industry PPP Comparison Statistics
Nationwide, 173,220 businesses in the "Offices of Dentists" industry received a total of $13.99B 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 8 employees, 97% lower than Dental Health Associates LTD's reported 295 employees, and received an average PPP loan of $80,745, 96% lower than this company's loan of $2M.
Dental Health Associates, LTD
Entity: Subchapter S Corporation
Industry: Offices of Dentists
Location: Fitchburg, WI
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Dental Health Associates, LTD is a subchapter s corporation located at 2971 Chapel Valley Rd in Fitchburg, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,701,700.00 in April, 2020.
$
PPP Loan Information
Loan #8501807003
Loan Size:
Jobs Retained:
295Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Johnson BankDental Health Associates, LTD in Fitchburg, WI received a Paycheck Protection Loan of $3.7M through Johnson 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 July, 2021.
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 MoreUnderstanding 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 MoreBased 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, Dental Health Associates, LTD's 2019 payroll expenses are estimated to be at least $17.77M.
Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $60,231 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dental Health Associates, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,776,275
- Utilities: $462,713
- Mortgage Interest: $462,713
Business Information - Dental Health Associates, LTD in Fitchburg, WI
2971 Chapel Valley Rd
Fitchburg, WI 53711
Business Industry:
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Fitchburg
In the Fitchburg area, 17 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 295) and received an average PPP loan of $764,180 (compared to this company's $3.7M).
Similar Nearby Businesses Who Received PPP Funding:
DR. David A Besley, DDS, Inc
Madison, WI
Prosthetic Dental Associates Of Madison
Madison, WI
Nakoma Dental
Madison, WI
Nakoma Dental, LLC
Madison, WI
Monroe Street Family Dentalllc
Madison, WI
N A Mannarino DDS SC
Madison, WI
Jennifer Bergstrom DDS
Fitchburg, WI
Children's Dental Center Of Madison SC
Fitchburg, WI
Daniel P Hyland LLC
Madison, WI
Industry PPP Comparison Statistics
Nationwide, 173,220 businesses in the "Offices of Dentists" industry received a total of $13.99B 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 8 employees, 97% lower than Dental Health Associates, LTD's reported 295 employees, and received an average PPP loan of $80,745, 98% lower than this company's loan of $3.7M.
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.
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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