PPP Loan Data — Maria Isabel Galant DDS, LTD, Joliet, IL
Maria Isabel Galant DDS, LTD is a subchapter s corporation located at 227 N Hammes Ave in Joliet, Illinois that received a Coronavirus-related PPP loan from the SBA of $24,800.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Maria Isabel Galant DDS, LTD in Joliet, IL received a Paycheck Protection Loan of $24,800 through Busey Bank, 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 December, 2020.
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, Maria Isabel Galant DDS, LTD's 2019 payroll expenses are estimated to be at least $119,040.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $19,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maria Isabel Galant DDS, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,600
- Rent: $6,200
Business Information - Maria Isabel Galant DDS, LTD in Joliet, IL
227 N Hammes Ave
Joliet, IL 60435
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Joliet
In the Joliet area, 50 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 6) and received an average PPP loan of $65,811 (compared to this company's $24,800).
Similar Nearby Businesses Who Received PPP Funding:
James J. Malinowski, DDS. And David J. Sefcik, DDS. LTD
Bebar Family Dental LLC
R&R Orthodontics, LLC
SCM Dental PC
R A Lombardi DDS PC
International Dental Jolietinc
Gallo DDS, LTD
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% higher than Maria Isabel Galant DDS, LTD's reported 6 employees, and received an average PPP loan of $80,703, 225% higher than this company's loan of $24,800.
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Footnotes & Information
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