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PPP Loan Data — Julia O Faigel DMD PC, East Boston, MA

SBA PPP loan data, payroll data, and salaries for Julia O Faigel DMD PC
MA

Julia O Faigel DMD PC

Entity: Corporation

Industry: Offices of Dentists

Location: East Boston, MA

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Julia O Faigel DMD PC is a corporation located at 55 Meridian St in East Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,419,117.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.42M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-10

Lender:

CAMBRIDGE SAVINGS BANK

Julia O Faigel DMD PC received a Paycheck Protection Loan of $3.42M through CAMBRIDGE SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Julia O Faigel DMD PC's total 2019 payroll expenses were approximately $16.41M in order to qualify for the PPP loan amount received.

Unlike most businesses, Julia O Faigel DMD PC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Julia O Faigel DMD PC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Julia O Faigel DMD PC in East Boston, MA

Julia O Faigel DMD PC
55 Meridian St
East Boston, MA 2128

Business Industry

Offices of Dentists (NAICS code 621210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-07

Similar Companies near East Boston

In the East Boston area, 21 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 0) and received an average PPP loan of $220,076 (compared to this company's $3.42M).

Industry PPP Comparison Statistics

Nationwide, 101,110 businesses in the "Offices of Dentists" industry received a total of $8,216,479,982.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, and received an average PPP loan of $81,263, 98% lower than this company's loan of $3.42M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/julia-o-faigel-dmd-pc-east-boston-ma