PPP Loan Data — Inland Empire Dental Specialty Group, Redlands, CA
Inland Empire Dental Specialty Group is a corporation located at 308 W State St Ste 4a in Redlands, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Inland Empire Dental Specialty Group in Redlands, CA received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 2020.
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, Inland Empire Dental Specialty Group's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Inland Empire Dental Specialty Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Inland Empire Dental Specialty Group in Redlands, CA
308 W State St Ste 4a
Redlands, CA 92373
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Redlands
In the Redlands area, 121 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 $60,645 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Samir Tadha Dental Corporation
Derek Chu DDS Inc
Russell Seheult, DDS., A Professional Corporation
Ekinomo Odufalu Dental Inc
Gary Ketcherside Orthodontics Inc
Jennifer L. Hoffer DDS MS A Professional Dental Corporation
Neil V. Patel, DDS, 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 Inland Empire Dental Specialty Group's reported 6 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $25,000.
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Footnotes & Information
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