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PPP Loan Data — Dentistry By Design Of Midwest City PLLC,
Oklahoma City, OK
Dentistry By Design Of Midwest City PLLC
Entity: Partnership
Industry: Offices of Dentists
Location: Oklahoma City, OK
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Dentistry By Design Of Midwest City PLLC is a partnership located at 7215 E Reno Ave in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $149,200.00 in January, 2021.
$
PPP Loan Information
Loan #2175668306
Loan Size:
Jobs Retained:
15Loan Approved:
2021-01-20Loan Status:
Paid in Full or ForgivenLender:
Bank 7Dentistry By Design Of Midwest City PLLC in Oklahoma City, OK received a Paycheck Protection Loan of $149,200 through Bank 7, 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 September, 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, Dentistry By Design Of Midwest City PLLC's 2019 payroll expenses are estimated to be at least $716,160.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $47,744 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dentistry By Design Of Midwest City PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $149,197
- Utilities: $1
Business Information - Dentistry By Design Of Midwest City PLLC in Oklahoma City, OK
7215 E Reno Ave
Oklahoma City, OK 73110
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 Oklahoma City
In the Oklahoma City area, 22 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 15) and received an average PPP loan of $61,910 (compared to this company's $149,200).
Similar Nearby Businesses Who Received PPP Funding:
Fortes Fortuna Adiuvat LLC
Oklahoma City, OK
Waldemar Ruiz
Midwest City, OK
Avaava O Salafai PLLC
Oklahoma City, OK
William A Clark, Jr, DDS,Inc
Oklahoma City, OK
John L Stark Inc
Oklahoma City, OK
Charles D. Jones, Jr., DDS
Oklahoma City, OK
Lauren A. Huffaker DDS PLLC DBA Red Rock Family Dentistry
Midwest City, OK
William Clark DDS Inc
Oklahoma City, OK
John L Stark DDS Inc
Oklahoma City, OK
Industry PPP Comparison Statistics
Nationwide, 173,223 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, 47% lower than Dentistry By Design Of Midwest City PLLC's reported 15 employees, and received an average PPP loan of $80,744, 46% lower than this company's loan of $149,200.
Dentistry By Design Of Midwest City, PLLC
Entity: Partnership
Industry: Offices of Dentists
Location: Oklahoma City, OK
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•
Search All PPP Data
Dentistry By Design Of Midwest City, PLLC is a partnership located at 7215 E. Reno Ave in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $149,200.00 in April, 2020.
$
PPP Loan Information
Loan #3762377207
Loan Size:
Jobs Retained:
14Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Bank 7Dentistry By Design Of Midwest City, PLLC in Oklahoma City, OK received a Paycheck Protection Loan of $149,200 through Bank 7, 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
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, Dentistry By Design Of Midwest City, PLLC's 2019 payroll expenses are estimated to be at least $716,160.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $51,154 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dentistry By Design Of Midwest City, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $148,000
- Health Care: $1,200
Business Information - Dentistry By Design Of Midwest City, PLLC in Oklahoma City, OK
7215 E. Reno Ave
Oklahoma City, OK 73110
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 Oklahoma City
In the Oklahoma City area, 22 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 14) and received an average PPP loan of $61,910 (compared to this company's $149,200).
Similar Nearby Businesses Who Received PPP Funding:
Fortes Fortuna Adiuvat LLC
Oklahoma City, OK
Waldemar Ruiz
Midwest City, OK
Avaava O Salafai PLLC
Oklahoma City, OK
William A Clark, Jr, DDS,Inc
Oklahoma City, OK
John L Stark Inc
Oklahoma City, OK
Charles D. Jones, Jr., DDS
Oklahoma City, OK
Lauren A. Huffaker DDS PLLC DBA Red Rock Family Dentistry
Midwest City, OK
William Clark DDS Inc
Oklahoma City, OK
John L Stark DDS Inc
Oklahoma City, OK
Industry PPP Comparison Statistics
Nationwide, 173,223 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, 43% lower than Dentistry By Design Of Midwest City, PLLC's reported 14 employees, and received an average PPP loan of $80,744, 46% lower than this company's loan of $149,200.
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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