PPP Loan Data — Gentle Dentistry Inc, Norman, OK
Gentle Dentistry Inc
Entity: Sole Proprietorship
Location: Norman, OKTweet This • Search All PPP Data
Gentle Dentistry Inc is a sole proprietorship located at 2409 Wilcox Drive in Norman, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Gentle Dentistry Inc in Norman, OK received a Paycheck Protection Loan of $25,000 through Customers Bank, which was approved in April, 2020.
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
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, Gentle Dentistry Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gentle Dentistry Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Gentle Dentistry Inc in Norman, OK
2409 Wilcox Drive
Norman, OK 73069
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Norman
In the Norman area, 11 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $25,317 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Copelin's Office Center Inc
Signature Pool & Patio, LLC
Elite Trophies LLC
Sunshine Supersaver, LLC
Rick's Pro Shop, LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, the same amount reported by Gentle Dentistry Inc and received an average PPP loan of $34,329, 37% higher than this company's loan of $25,000.
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