PPP Loan Data — Jenny White DDS LLC, Sarasota, FL
Jenny White DDS LLC is a limited liability company (LLC) located at 1428 S. Osprey Ave. in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $45,877.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MVB Bank, Inc.
Jenny White DDS LLC in Sarasota, FL received a Paycheck Protection Loan of $45,877 through MVB Bank, Inc., 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, Jenny White DDS LLC's 2019 payroll expenses are estimated to be at least $220,210.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,403 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jenny White DDS LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,877
Business Information - Jenny White DDS LLC in Sarasota, FL
1428 S. Osprey Ave.
Sarasota, FL 34239
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sarasota
In the Sarasota area, 57 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 3) and received an average PPP loan of $77,790 (compared to this company's $45,877).
Similar Nearby Businesses Who Received PPP Funding:
Hasemeier & Nalls DDS. PA
DR. S. Lance West B.s., DDS, PA
Leonid Blinn Dental, PA
Joseph C. Millin Jr., DO PA
Gentle Dental Inc
Middleton Oral Surgery
The Smile Centre PA
Krause Dental PA
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, 167% higher than Jenny White DDS LLC's reported 3 employees, and received an average PPP loan of $80,703, 76% higher than this company's loan of $45,877.
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Footnotes & Information
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