PPP Loan Data — Dr Seu Dentistry, Englewood Cliffs, NJ
Dr Seu Dentistry is a corporation located at 41 Sylvan Avenue in Englewood Cliffs, New Jersey that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Dr Seu Dentistry in Englewood Cliffs, NJ received a Paycheck Protection Loan of $24,900 through PNC Bank, National Association, which was approved in May, 2020.
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, Dr Seu Dentistry's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dr Seu Dentistry reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Dr Seu Dentistry in Englewood Cliffs, NJ
41 Sylvan Avenue
Englewood Cliffs, NJ 7632
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Englewood Cliffs
In the Englewood Cliffs area, 88 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $51,308 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Janys Gelberg DDS PA
L&K Dental PA
Englewood Cliffs, NJ
Mark H Docktor DDS PA
Academy Dental Associates PA
Aaron Brody DMD LLC
Yung C Kang DDS
Englewood Cliffs, NJ
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, 300% higher than Dr Seu Dentistry's reported 2 employees, and received an average PPP loan of $80,703, 224% higher than this company's loan of $24,900.
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Footnotes & Information
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