PPP Loan Data — Jeffrey D. Rasmussen DMD PLLC, Tucson, AZ
Jeffrey D. Rasmussen DMD PLLC is a limited liability company (LLC) located at 9131 E Speedway Blvd in Tucson, Arizona that received a Coronavirus-related PPP loan from the SBA of $46,453.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Jeffrey D. Rasmussen DMD PLLC in Tucson, AZ received a Paycheck Protection Loan of $46,453 through Bank of America, National Association, which was approved in May, 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, Jeffrey D. Rasmussen DMD PLLC's 2019 payroll expenses are estimated to be at least $222,974.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,775 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jeffrey D. Rasmussen DMD PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,453
Business Information - Jeffrey D. Rasmussen DMD PLLC in Tucson, AZ
9131 E Speedway Blvd
Tucson, AZ 85710
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 Tucson
In the Tucson area, 52 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 9) and received an average PPP loan of $76,345 (compared to this company's $46,453).
Similar Nearby Businesses Who Received PPP Funding:
Chris Huntington DMD, PC
Su-Wen Chang DDS PC
Shawn Mcfarland DDS PLLC
TMJ Disorders Orofacial Pain Center
I Smile Tucson LLC
Jorge L Alvarez DDS PC
Canyon Dental Group PLLC
I Smiletucson LLC
Thomas O. Buza DDS, 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, 11% lower than Jeffrey D. Rasmussen DMD PLLC's reported 9 employees, and received an average PPP loan of $80,703, 74% higher than this company's loan of $46,453.
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Footnotes & Information
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