PPP Loan Data — HK DDS PLLC, Dallas, TX
HK DDS PLLC is a limited liability company (LLC) located at 11722 Marsh Ln Ste 364 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $46,867.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
HK DDS PLLC in Dallas, TX received a Paycheck Protection Loan of $46,867 through JPMorgan Chase Bank, National Association, which was approved in January, 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, HK DDS PLLC's 2019 payroll expenses are estimated to be at least $224,962.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,494 per employee1
Reported PPP Proceed Usage:
On the PPP application, HK DDS PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,861
- Utilities: $1
Business Information - HK DDS PLLC in Dallas, TX
11722 Marsh Ln Ste 364
Dallas, TX 75229
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Dallas
In the Dallas area, 38 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 6) and received an average PPP loan of $80,640 (compared to this company's $46,867).
Similar Nearby Businesses Who Received PPP Funding:
Sangkyu Steve Kim
Gezi Mebratu, DDS, PA
Jeffrey S Genecov, DDS, PA
Derek M Albus, DDS, PA
Hodong Kwon DDS, PA
Kwangjae Yeo DDS PLLC
Greek Endo PLLC
Robert C Carris DDS
Monroe Dental Clinic Inc
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 HK DDS PLLC's reported 6 employees, and received an average PPP loan of $80,703, 72% higher than this company's loan of $46,867.
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Footnotes & Information
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