PPP Loan Data — Forty Fort Dental LLC, Kingston, PA
Forty Fort Dental LLC is a limited liability company (LLC) located at 1590 Wyoming Ave in Kingston, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Forty Fort Dental LLC in Kingston, PA received a Paycheck Protection Loan of $46,500 through FNCB 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 March, 2021.
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, Forty Fort Dental LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Forty Fort Dental LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Forty Fort Dental LLC in Kingston, PA
1590 Wyoming Ave
Kingston, PA 18704
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kingston
In the Kingston area, 51 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $79,241 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Dr Brown's Childrens Dental Center PC
Renee E Edwards DMD PC
Brian D. Miller, DMD LLC
Dr Holly Leandri-May LLC
Carpenter Dental Charles M Carpenter
Forty Fort, PA
Forty Fort, PA
John R Spagnuolo
Stephen M Lawrence DMD PC
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, 33% higher than Forty Fort Dental LLC's reported 6 employees, and received an average PPP loan of $80,703, 74% higher than this company's loan of $46,500.
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Footnotes & Information
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