PPP Loan Data — Las Colinas Family Dentistry And Orthodontics PLLC, Irving, TX
Las Colinas Family Dentistry And Orthodontics PLLC is a limited liability partnership located at 6421 Riverside Dr Ste 130 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First United Bank and Trust Company
Las Colinas Family Dentistry And Orthodontics PLLC in Irving, TX received a Paycheck Protection Loan of $46,400 through First United Bank and Trust Company, which was approved 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, Las Colinas Family Dentistry And Orthodontics PLLC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Las Colinas Family Dentistry And Orthodontics PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Las Colinas Family Dentistry And Orthodontics PLLC in Irving, TX
6421 Riverside Dr Ste 130
Irving, TX 75039
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 Irving
In the Irving area, 57 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 12) and received an average PPP loan of $57,576 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Precious Smile Dental And Orthodontics
Mint Orthodontics PLLC
Cosmetic & Family Dentistry Of Las Colinas
Cosmetic & Family Dentistry Of Las Colinas PC
Penguin Dental PA
Niosha Edalat DDS PLLC
Rabile Family Dentistry 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, 33% lower than Las Colinas Family Dentistry And Orthodontics PLLC's reported 12 employees, and received an average PPP loan of $80,703, 74% higher than this company's loan of $46,400.
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Footnotes & Information
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