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PPP Loan Data — Dental Whale LLC,
Sunrise, FL
Dental Whale LLC
Entity: Limited Liability Company (LLC)
Industry: Office Administrative Services
Location: Sunrise, FL
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Dental Whale LLC is a limited liability company (LLC) located at 13621 Nw 12th St Ste 120 in Sunrise, Florida that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #3525858506
Loan Size:
Jobs Retained:
222Loan Approved:
2021-02-24Loan Status:
Ongoing LoanLender:
City National Bank of FloridaDental Whale LLC in Sunrise, FL received a Paycheck Protection Loan of $2M through City National Bank of Florida, which was approved in February, 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 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 Whale LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $43,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dental Whale LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Dental Whale LLC in Sunrise, FL
13621 Nw 12th St Ste 120
Sunrise, FL 33323
Business Industry:
Office Administrative Services
NAICS code 561110
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 Sunrise
In the Sunrise area, 58 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 222) and received an average PPP loan of $104,104 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
State Street Property Management LLC
Plantation, FL
Actitrust Wealth Management LLC
Plantation, FL
Kassandra Oquendo
Plantation, FL
Valisia Williams
Plantation, FL
Irie Management, LLC
Davie, FL
Onsite Wastewater Management LLC
Plantation, FL
Futures Managment Group
Plantation, FL
Gustavo Banga
Sunrise, FL
Estrin Asset Management Inc
Plantation, FL
Industry PPP Comparison Statistics
Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 97% lower than Dental Whale LLC's reported 222 employees, and received an average PPP loan of $53,548, 97% lower than this company's loan of $2M.
Dental Whale, LLC
Entity: Limited Liability Company (LLC)
Industry: Office Administrative Services
Location: Sunrise, FL
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Dental Whale, LLC is a limited liability company (LLC) located at 13621 Nw 12 Street Suite 120 in Sunrise, Florida that received a Coronavirus-related PPP loan from the SBA of $3,120,500.00 in April, 2020.
$
PPP Loan Information
Loan #5542827001
Loan Size:
Jobs Retained:
221Loan Approved:
2020-04-05Loan Status:
Paid in Full or ForgivenLender:
City National Bank of FloridaDental Whale, LLC in Sunrise, FL received a Paycheck Protection Loan of $3.12M through City National Bank of Florida, 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 August, 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 Whale, LLC's 2019 payroll expenses are estimated to be at least $14.98M.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $67,776 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dental Whale, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,340,375
- Utilities: $780,125
Business Information - Dental Whale, LLC in Sunrise, FL
13621 Nw 12 Street Suite 120
Sunrise, FL 33323
Business Industry:
Office Administrative Services
NAICS code 561110
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 Sunrise
In the Sunrise area, 58 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 221) and received an average PPP loan of $104,104 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
State Street Property Management LLC
Plantation, FL
Actitrust Wealth Management LLC
Plantation, FL
Kassandra Oquendo
Plantation, FL
Valisia Williams
Plantation, FL
Irie Management, LLC
Davie, FL
Onsite Wastewater Management LLC
Plantation, FL
Futures Managment Group
Plantation, FL
Gustavo Banga
Sunrise, FL
Estrin Asset Management Inc
Plantation, FL
Industry PPP Comparison Statistics
Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 97% lower than Dental Whale, LLC's reported 221 employees, and received an average PPP loan of $53,548, 98% lower than this company's loan of $3.12M.
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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