PPP Loan Data — L. Robert Weller DMD PA, Orlando, FL
L. Robert Weller DMD PA is a corporation located at 12466 Lake Underhill Road in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
L. Robert Weller DMD PA in Orlando, FL received a Paycheck Protection Loan of $25,000 through TD Bank, 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, L. Robert Weller DMD PA's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, L. Robert Weller DMD PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - L. Robert Weller DMD PA in Orlando, FL
12466 Lake Underhill Road
Orlando, FL 32828
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 29 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 4) and received an average PPP loan of $123,036 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
MJM Dentistry Inc
Jorge Reyes-Vincent DMD
Jorge Reyes-Vicente DMD PA
Johnson Family Dentistry PA
Kimberly Carlyle-Clark, DDS, MS, PA
Marris Orthodontics, PA
Waterford Chase Dental
Nadya Aldochine, DMD, PLLC
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 L. Robert Weller DMD PA's reported 4 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $25,000.
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Footnotes & Information
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