PPP Loan Data — Heritage Dental Associates, PC, Fayetteville, GA
Heritage Dental Associates, PC is a subchapter s corporation located at Po Box 0038 in Fayetteville, Georgia that received a Coronavirus-related PPP loan from the SBA of $130,978.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Heritage Dental Associates, PC in Fayetteville, GA received a Paycheck Protection Loan of $130,978 through Affinity 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, Heritage Dental Associates, PC's 2019 payroll expenses are estimated to be at least $628,694.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $48,361 per employee1
Reported PPP Proceed Usage:
On the PPP application, Heritage Dental Associates, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $130,978
Business Information - Heritage Dental Associates, PC in Fayetteville, GA
Po Box 0038
Fayetteville, GA 30214
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayetteville
In the Fayetteville area, 42 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 13) and received an average PPP loan of $90,259 (compared to this company's $130,978).
Similar Nearby Businesses Who Received PPP Funding:
R.l. White Jr. DDS & Associates PC
Edwin M Richardson, LLC
Renee D Samuels DDS. PC
Mitchell General & Cosmetic Dentistry, Inc
Ashford Dental Inc
Smile Bright Studio
Endodontic Associates Of Atlanta PC
Leroy O Venn DDS PC
Haycock Endodontics, Inc
Industry PPP Comparison Statistics
Nationwide, 173,223 businesses in the "Offices of Dentists" industry received a total of $13.99B in PPP loans. These businesses account for 2% 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, 38% lower than Heritage Dental Associates, PC's reported 13 employees, and received an average PPP loan of $80,744, 38% lower than this company's loan of $130,978.
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Footnotes & Information
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