PPP Loan Data — Jackson Porter DDS, Beaumont, TX
Jackson Porter DDS is a subchapter s corporation located at 4180 Delaware St Ste 303 in Beaumont, Texas that received a Coronavirus-related PPP loan from the SBA of $46,198.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Third Coast Bank SSB
Jackson Porter DDS in Beaumont, TX received a Paycheck Protection Loan of $46,198 through Third Coast Bank SSB, 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, Jackson Porter DDS's 2019 payroll expenses are estimated to be at least $221,750.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,679 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jackson Porter DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,196
- Utilities: $1
Business Information - Jackson Porter DDS in Beaumont, TX
4180 Delaware St Ste 303
Beaumont, TX 77706
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Beaumont
In the Beaumont area, 49 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 7) and received an average PPP loan of $75,225 (compared to this company's $46,198).
Similar Nearby Businesses Who Received PPP Funding:
Rebecca Q Sayyed, DDS PA
Jackson L.porter, DDS., Inc
Richard Weaver DDS PC
Daron P Etie DDS
Nancy Endari DDS PA
Mark F. Bellard, 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, 14% higher than Jackson Porter DDS's reported 7 employees, and received an average PPP loan of $80,703, 75% higher than this company's loan of $46,198.
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Footnotes & Information
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