PPP Loan Data — Kurt R Thomas DDS, Westlake, OH
Kurt R Thomas DDS is a sole proprietorship located at 2211 Crocker Rd #110 in Westlake, Ohio that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Kurt R Thomas DDS in Westlake, OH received a Paycheck Protection Loan of $45,800 through The Huntington National Bank, 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, Kurt R Thomas DDS's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kurt R Thomas DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Kurt R Thomas DDS in Westlake, OH
2211 Crocker Rd #110
Westlake, OH 44145
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Westlake
In the Westlake area, 56 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $74,784 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
Anthony M Deliberato DDS Inc
Safa Iranpour DDS Inc
Dental Comfort Inc
Berea Family Dental Elizabeth Buckley DDS
Kathleen D Blanc DDS Inc
DR. Aico Watanabe Inc
James W. Ballrick II DDS., 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, 33% higher than Kurt R Thomas DDS's reported 6 employees, and received an average PPP loan of $80,703, 76% higher than this company's loan of $45,800.
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Footnotes & Information
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