PPP Loan Data — Maryann Kan DDS, Alexandria, VA
Maryann Kan DDS is a corporation located at 6389 Little River Tpke in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Maryann Kan DDS in Alexandria, VA received a Paycheck Protection Loan of $25,000 through Truist Bank d/b/a Branch Banking & Trust Co, 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 February, 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, Maryann Kan DDS's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maryann Kan DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Maryann Kan DDS in Alexandria, VA
6389 Little River Tpke
Alexandria, VA 22312
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 31 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 5) and received an average PPP loan of $70,186 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Hoang K DO T-A DDS
DR. Farhan M. Qureshi DDS PC
Ahmad Faroq Amin DDS PC
Tuan N. Le, DMD, PLLC
ANA M. Arango DDS. PC
Landmark Family Dental Plc
SBK DDS PC
Scott A. Mcquiston DDS LTD
Smile Doctors Virginia, 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, 60% higher than Maryann Kan DDS's reported 5 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $25,000.
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Footnotes & Information
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