PPP Loan Data — Lorraine Pagel DDS SC, Whitefish Bay, WI
Lorraine Pagel DDS SC is a subchapter s corporation located at 155 E Silver Spring Dr Ste 209 in Whitefish Bay, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Associated Bank, National Association
Lorraine Pagel DDS SC in Whitefish Bay, WI received a Paycheck Protection Loan of $25,000 through Associated Bank, National Association, which was approved in June, 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 March, 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, Lorraine Pagel DDS SC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lorraine Pagel DDS SC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Lorraine Pagel DDS SC in Whitefish Bay, WI
155 E Silver Spring Dr Ste 209
Whitefish Bay, WI 53217
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 Whitefish Bay
In the Whitefish Bay area, 53 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 3) and received an average PPP loan of $66,706 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Nathan S Darling
Fox Point, WI
Bayshore Dental SC
Green Tree Dental
Mark J Ratke
Long Sn Lee, DDS., SC
Paul M. Sandvick DDS & Associates SC
Richard J Krainz DDS
Healthy Start Dentistry
Whitefish Bay, WI
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, 167% higher than Lorraine Pagel DDS SC's reported 3 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!