PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Holly Tree Dental PLLC, Hanover, MA

ALERT: There are 2 PPP loans for a total of $294,724 in our database for businesses with the name "Holly Tree Dental PLLC" in Hanover, MA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Holly Tree Dental PLLC
MA

Holly Tree Dental PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Hanover, MA

Search All PPP Data

Holly Tree Dental PLLC is a limited liability company (LLC) located at 171 Rockland St in Hanover, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $147,362.00 in February, 2021.

$ PPP Loan Information
Loan #3717218409

Loan Size:

$147,362

Jobs Retained:

12

Loan Approved:

2021-02-05

Loan Status:

Paid in Full or Forgiven

Lender:

Rockland Trust Company

Holly Tree Dental PLLC in Hanover, MA received a Paycheck Protection Loan of $147,362 through Rockland Trust Company, which was approved in February, 2021.

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 November, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Holly Tree Dental PLLC's 2019 payroll expenses are estimated to be at least $707,338.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $58,945 per employee1

Reported PPP Proceed Usage:

On the PPP application, Holly Tree Dental PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $147,357
  • Utilities: $1

Business Information - Holly Tree Dental PLLC in Hanover, MA

Holly Tree Dental PLLC
171 Rockland St
Hanover, MA 2339

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Plymouth County, MA — SBA Office 0101 — Congressional District: MA-09

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Holly Tree Dental PLLC.

Law Office Of Lipman And White
Offices of Lawyers

$10,900 PPP Loan

Similar Companies near Hanover

In the Hanover area, 16 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 12) and received an average PPP loan of $113,679 (compared to this company's $147,362).

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, 33% lower than Holly Tree Dental PLLC's reported 12 employees, and received an average PPP loan of $80,744, 45% lower than this company's loan of $147,362.

SBA PPP loan data, payroll data, and salaries for Holly Tree Dental, PLLC
MA

Holly Tree Dental, PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Hanover, MA

Search All PPP Data

Holly Tree Dental, PLLC is a limited liability company (LLC) located at 171 Rockland St in Hanover, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $147,362.00 in May, 2020.

$ PPP Loan Information
Loan #6198417709

Loan Size:

$147,362

Jobs Retained:

12

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Holly Tree Dental, PLLC in Hanover, MA received a Paycheck Protection Loan of $147,362 through Bank of America, National Association, which was approved in May, 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 April, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Holly Tree Dental, PLLC's 2019 payroll expenses are estimated to be at least $707,338.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $58,945 per employee1

Reported PPP Proceed Usage:

On the PPP application, Holly Tree Dental, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $147,362

Business Information - Holly Tree Dental, PLLC in Hanover, MA

Holly Tree Dental, PLLC
171 Rockland St
Hanover, MA 2339

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Plymouth County, MA — SBA Office 0101 — Congressional District: MA-09

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Holly Tree Dental, PLLC.

Law Office Of Lipman And White
Offices of Lawyers

$10,900 PPP Loan

Similar Companies near Hanover

In the Hanover area, 16 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 12) and received an average PPP loan of $113,679 (compared to this company's $147,362).

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, 33% lower than Holly Tree Dental, PLLC's reported 12 employees, and received an average PPP loan of $80,744, 45% lower than this company's loan of $147,362.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/holly-tree-dental-pllc-hanover-ma