PPP Loan Data — James Collins DDS, Shelburne Falls, MA
James Collins DDS is a sole proprietorship located at 12 Main St in Shelburne Falls, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,220.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:People's United Bank, National Association
James Collins DDS in Shelburne Falls, MA received a Paycheck Protection Loan of $25,220 through People's United Bank, National Association, which was approved in April, 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
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 Collins DDS's 2019 payroll expenses are estimated to be at least $121,056.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,294 per employee1
Reported PPP Proceed Usage:
On the PPP application, James Collins DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,220
Business Information - James Collins DDS in Shelburne Falls, MA
12 Main St
Shelburne Falls, MA 1370
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: Rural
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 James Collins DDS's reported 7 employees, and received an average PPP loan of $80,703, 220% higher than this company's loan of $25,220.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!