PPP Loan Data — Lakireddy Dental, LLC, Strongsville, OH
Lakireddy Dental, LLC is a partnership located at 12576 S Churchill Way in Strongsville, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,589,181.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Lakireddy Dental, LLC received a Paycheck Protection Loan of $2.59M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lakireddy Dental, LLC's total 2019 payroll expenses were approximately $12.43M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $60,625 per employee1.
Business Information - Lakireddy Dental, LLC in Strongsville, OH
12576 S Churchill Way
Strongsville, OH 44149
Offices of Dentists (NAICS code 621210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-16
Similar Companies near Strongsville
In the Strongsville area, 4 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 205) and received an average PPP loan of $693,322 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Zeina Waked Rooks DDS Inc
Binu Eapen DDS Inc DBA Strongsville Fam
Pat Gentilcore DDS Inc
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, 97% lower than Lakireddy Dental, LLC's reported 205 employees, and received an average PPP loan of $81,263, 97% lower than this company's loan of $2.59M.
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.
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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