PPP Loan Data — James C. Georges, DDS PA, Baltimore, MD
James C. Georges, DDS PA is a corporation located at 5121 Eastern Ave in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,137.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
James C. Georges, DDS PA in Baltimore, MD received a Paycheck Protection Loan of $25,137 through Quontic Bank, which was approved in April, 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, James C. Georges, DDS PA's 2019 payroll expenses are estimated to be at least $120,658.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,165 per employee1
Reported PPP Proceed Usage:
On the PPP application, James C. Georges, DDS PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,137
Business Information - James C. Georges, DDS PA in Baltimore, MD
5121 Eastern Ave
Baltimore, MD 21224
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 27 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 4) and received an average PPP loan of $79,140 (compared to this company's $25,137).
Similar Nearby Businesses Who Received PPP Funding:
Michael W. Whitecar DDS PA
DR. Michael W. Whitecar DDS., PA
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Abramson & Kneussl PA
Kenneth Kyser DDS. And Lawrence Wang DDS. (Eastpoint) L
Michael Gido DDS PA
Smiles Are Us At Dundalk PC
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, 100% higher than James C. Georges, DDS PA's reported 4 employees, and received an average PPP loan of $80,703, 221% higher than this company's loan of $25,137.
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Footnotes & Information
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