PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Manchester Family Dental LLC, Manchester, CT

ALERT: There are 2 PPP loans for a total of $388,904 in our database for businesses with the name "Manchester Family Dental LLC" in Manchester, CT. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Manchester Family Dental LLC
CT

Manchester Family Dental LLC

Entity: Limited Liability Company (LLC)

Industry: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

Location: Manchester, CT

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Manchester Family Dental LLC is a limited liability company (LLC) located at 945 Main St in Manchester, Connecticut that received a Coronavirus-related PPP loan from the SBA of $195,957.00 in February, 2021.

$ PPP Loan Information
Loan #4685068509

Loan Size:

$195,957

Jobs Retained:

13

Loan Approved:

2021-02-26

Loan Status:

Ongoing Loan

Lender:

People's United Bank, National Association

Manchester Family Dental LLC in Manchester, CT received a Paycheck Protection Loan of $195,957 through People's United Bank, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Manchester Family Dental LLC's 2019 payroll expenses are estimated to be at least $940,594.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $72,353 per employee1

Reported PPP Proceed Usage:

On the PPP application, Manchester Family Dental LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $195,952
  • Utilities: $1

Business Information - Manchester Family Dental LLC in Manchester, CT

Manchester Family Dental LLC
945 Main St
Manchester, CT 6040

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Hartford County, CT — SBA Office 0156 — Congressional District: CT-01

Similar Companies near Manchester

In the Manchester area, 2 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 13) and received an average PPP loan of $108,900 (compared to this company's $195,957).

Similar Nearby Businesses Who Received PPP Funding:

Dme-Living Well
Manchester, CT

$21,842 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 14,283 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 9 employees, 31% lower than Manchester Family Dental LLC's reported 13 employees, and received an average PPP loan of $99,189, 49% lower than this company's loan of $195,957.

SBA PPP loan data, payroll data, and salaries for Manchester Family Dental LLC
CT

Manchester Family Dental LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Manchester, CT

Search All PPP Data

Manchester Family Dental LLC is a limited liability company (LLC) located at 945 Main St in Manchester, Connecticut that received a Coronavirus-related PPP loan from the SBA of $192,947.00 in April, 2020.

$ PPP Loan Information
Loan #7729437208

Loan Size:

$192,947

Jobs Retained:

11

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

People's United Bank, National Association

Manchester Family Dental LLC in Manchester, CT received a Paycheck Protection Loan of $192,947 through People's United Bank, National Association, which was approved in April, 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 September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Manchester Family Dental LLC's 2019 payroll expenses are estimated to be at least $926,146.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $84,195 per employee1

Reported PPP Proceed Usage:

On the PPP application, Manchester Family Dental LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $192,947

Business Information - Manchester Family Dental LLC in Manchester, CT

Manchester Family Dental LLC
945 Main St
Manchester, CT 6040

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Hartford County, CT — SBA Office 0156 — Congressional District: CT-01

Similar Companies near Manchester

In the Manchester area, 28 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 11) and received an average PPP loan of $239,997 (compared to this company's $192,947).

Industry PPP Comparison Statistics

Nationwide, 173,223 businesses in the "Offices of Dentists" industry received a total of $13.99B 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 8 employees, 27% lower than Manchester Family Dental LLC's reported 11 employees, and received an average PPP loan of $80,744, 58% lower than this company's loan of $192,947.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/manchester-family-dental-llc-manchester-ct