PPP Loan Data — Larry G Bamesberger, Valparaiso, IN
Larry G Bamesberger is a sole proprietorship located at 3223 Heavilin Rd in Valparaiso, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,389.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:1st Source Bank
Larry G Bamesberger in Valparaiso, IN received a Paycheck Protection Loan of $25,389 through 1st Source Bank, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Larry G Bamesberger's 2019 payroll expenses are estimated to be at least $121,867.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,467 per employee1
Reported PPP Proceed Usage:
On the PPP application, Larry G Bamesberger reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,389
Business Information - Larry G Bamesberger in Valparaiso, IN
3223 Heavilin Rd
Valparaiso, IN 46385
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Valparaiso
In the Valparaiso area, 14 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 4) and received an average PPP loan of $123,522 (compared to this company's $25,389).
Similar Nearby Businesses Who Received PPP Funding:
Cosmopolitan Dentistry PC
Peter J Ferrari DDS Professional Corporation
Wong & Smolnicky PC
Helen S Kirscher DDS Magd PC
Robert P. Thornton
Dental Arts Group, LLC
Angel Smiles Dental PC
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 Larry G Bamesberger's reported 4 employees, and received an average PPP loan of $80,703, 218% higher than this company's loan of $25,389.
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Footnotes & Information
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