PPP Loan Data — Dynatronics Laser Corp., Salt Lake City, UT
Dynatronics Laser Corp.
Location: Salt Lake City, UTTweet This • Search All PPP Data
Dynatronics Laser Corp. is a corporation located at 7030 Park Center Drive in Salt Lake City, Utah that received a Coronavirus-related PPP loan from the SBA of $3,477,412.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 221 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF THE WEST
Dynatronics Laser Corp. in Salt Lake City, UT received a Paycheck Protection Loan of $3.48M through BANK OF THE WEST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dynatronics Laser Corp.'s total 2019 payroll expenses were approximately $16.69M in order to qualify for the PPP loan amount received.
Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $75,528 per employee1.
Business Information - Dynatronics Laser Corp. in Salt Lake City, UT
7030 Park Center Drive
Salt Lake City, UT 84121
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS code 423450)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: UT-03
Similar Companies near Salt Lake City
In the Salt Lake City area, 5 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 221) and received an average PPP loan of $714,503 (compared to this company's $3.48M).
Similar Nearby Businesses Who Received PPP Funding:
Wasatch Back Medical Inc
Salt Lake City, UT
Simplicity Orthotics And Prosthetics LLC
Cottnwd Heights, UT
Main Street Medical LLC
Salt Lake City, UT
Salt Lake Cty, UT
Industry PPP Comparison Statistics
Nationwide, 8,635 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1,055,539,669.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 96% lower than Dynatronics Laser Corp.'s reported 221 employees, and received an average PPP loan of $122,240, 96% lower than this company's loan of $3.48M.
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, and is published unmodified, as provided by the SBA.
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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