PPP Loan Data — Kenneth S Hauser DDS MA PC, Chicago, IL
Kenneth S Hauser DDS MA PC is a professional association located at Floor 2 5432 W Devon Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,175.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Kenneth S Hauser DDS MA PC in Chicago, IL received a Paycheck Protection Loan of $25,175 through Bank of America, National Association, which was approved in May, 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, Kenneth S Hauser DDS MA PC's 2019 payroll expenses are estimated to be at least $120,840.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,210 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kenneth S Hauser DDS MA PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,175
Business Information - Kenneth S Hauser DDS MA PC in Chicago, IL
Floor 2 5432 W Devon Ave
Chicago, IL 60646
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 Chicago
In the Chicago area, 133 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $45,828 (compared to this company's $25,175).
Similar Nearby Businesses Who Received PPP Funding:
Medhat Dental LLC
Drs. Kollmann & Furusho Dentistry For Kids, LTD
Irene T Theodore DDS
Smile Design Dental PC
IRA M. Fleischman, DDS, LTD
Louis L Greenberg DDS LTD
Windy City Dental LLC
Shulruff Dental Inc
Advantage Dental Care LLC
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, 100% higher than Kenneth S Hauser DDS MA PC's reported 4 employees, and received an average PPP loan of $80,703, 221% higher than this company's loan of $25,175.
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Footnotes & Information
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