PPP Loan Data — Mark T. Frank, DDS., Professional LLC, Denver, CO
Mark T. Frank, DDS., Professional LLC is a sole proprietorship located at 3955 E Exposition Ave Ste 412 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $47,047.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Mark T. Frank, DDS., Professional LLC in Denver, CO received a Paycheck Protection Loan of $47,047 through JPMorgan Chase Bank, National Association, 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 June, 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, Mark T. Frank, DDS., Professional LLC's 2019 payroll expenses are estimated to be at least $225,826.
Based on their reported 40 jobs retained, this equals an estimated average yearly compensation of $5,646 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mark T. Frank, DDS., Professional LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,047
Business Information - Mark T. Frank, DDS., Professional LLC in Denver, CO
3955 E Exposition Ave Ste 412
Denver, CO 80209
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 Denver
In the Denver area, 26 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 40) and received an average PPP loan of $57,304 (compared to this company's $47,047).
Similar Nearby Businesses Who Received PPP Funding:
Capitol Premier Dental Group, LLC
Heather K Harris DDS PC
Konstantinos Harogiannis PLLC
Unterseher Orthodontics PLLC
Colleen S. Carter, DDS, PC
Allegro Dental Center
Elizabeth Robinson DMD PLLC
Chandra L Kreider, DMD, 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, 80% lower than Mark T. Frank, DDS., Professional LLC's reported 40 employees, and received an average PPP loan of $80,703, 72% higher than this company's loan of $47,047.
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Footnotes & Information
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