PPP Loan Data — James J. Galea, DDS, MSD, LLC, Ballwin, MO
James J. Galea, DDS, MSD, LLC is a limited liability company (LLC) located at 347 Sudbury Lane in Ballwin, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Union Bank and Trust Company
James J. Galea, DDS, MSD, LLC in Ballwin, MO received a Paycheck Protection Loan of $25,200 through Union Bank and Trust Company, 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 J. Galea, DDS, MSD, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, James J. Galea, DDS, MSD, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - James J. Galea, DDS, MSD, LLC in Ballwin, MO
347 Sudbury Lane
Ballwin, MO 63011
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 Ballwin
In the Ballwin area, 65 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 2) and received an average PPP loan of $84,467 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Robert A Strathman, DDS
Gregory S. St. John, DDSp.c
Amanda J Darling DDS PC
Michael P Frith DDS PC
Meramec Family Dentistry, LLC
Andrew G. Mitchell, Inc
St. Louis, MO
Emily Hahn DDS, LLC
Kevin F Postol DDS LLC
Richard Mcdermott DDS MS Orthodontics Ll
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, 300% higher than James J. Galea, DDS, MSD, LLC's reported 2 employees, and received an average PPP loan of $80,703, 220% higher than this company's loan of $25,200.
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Footnotes & Information
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