PPP Loan Data — Mary Marbach, Kingwood, TX
Mary Marbach is a sole proprietorship located in Kingwood, Texas that received a Coronavirus-related PPP loan from the SBA of $46,895.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:CommunityBank of Texas, National Association
Mary Marbach in Kingwood, TX received a Paycheck Protection Loan of $46,895 through CommunityBank of Texas, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Mary Marbach reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,895
Business Information - Mary Marbach in Kingwood, TX
* Full address is redacted to protect the privacy of individuals.
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kingwood
In the Kingwood area, 58 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 1) and received an average PPP loan of $86,199 (compared to this company's $46,895).
Similar Nearby Businesses Who Received PPP Funding:
Joe M. Richards, DDS, PC
J&S Cabrera PLLC
Maribel Colon-Torrado DMD,PA
Pierre Ghattas DDS PLLC
Derek W. Scott DDS PA
Yazan Sadeddin DDS PLLC
Elite Minds Inc
Sheeba George Robert DDS Inc
Element Dental Humble PLLC
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, 700% higher than Mary Marbach's reported 1 employees, and received an average PPP loan of $80,703, 72% higher than this company's loan of $46,895.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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