PPP Loan Data — Great Lakes Dental Technologies, LTD, Tonawanda, NY
Great Lakes Dental Technologies, LTD is a subchapter s corporation located at 200 Cooper Avenue in Tonawanda, New York that received a Coronavirus-related PPP loan from the SBA of $3,115,530.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Great Lakes Dental Technologies, LTD received a Paycheck Protection Loan of $3.12M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Great Lakes Dental Technologies, LTD's total 2019 payroll expenses were approximately $14.95M in order to qualify for the PPP loan amount received.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $55,387 per employee1.
Business Information - Great Lakes Dental Technologies, LTD in Tonawanda, NY
200 Cooper Avenue
Tonawanda, NY 14150
Dental Laboratories (NAICS code 339116)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-26
Similar Companies near Tonawanda
In the Tonawanda area, 2 businesses in the "Dental Laboratories" industry received a PPP loan. These local businesses reported an average of 138 employees (compared to this company's 270) and received an average PPP loan of $1,565,397 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
David W Gaeth DDS
Industry PPP Comparison Statistics
Nationwide, 3,978 businesses in the "Dental Laboratories" industry received a total of $289,249,200.00 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 7 employees, 97% lower than Great Lakes Dental Technologies, LTD's reported 270 employees, and received an average PPP loan of $72,712, 98% lower than this company's loan of $3.12M.
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.
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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