PPP Loan Data — Mei-Ling Wang DDS PLLC, Bellevue, WA
Mei-Ling Wang DDS PLLC is a limited liability company (LLC) located at 1918 152nd Ave Ne in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $24,969.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Mei-Ling Wang DDS PLLC in Bellevue, WA received a Paycheck Protection Loan of $24,969 through Bank of America, National Association, which was approved in June, 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, Mei-Ling Wang DDS PLLC's 2019 payroll expenses are estimated to be at least $119,851.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,950 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mei-Ling Wang DDS PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,969
Business Information - Mei-Ling Wang DDS PLLC in Bellevue, WA
1918 152nd Ave Ne
Bellevue, WA 98007
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 Bellevue
In the Bellevue area, 154 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 3) and received an average PPP loan of $81,476 (compared to this company's $24,969).
Similar Nearby Businesses Who Received PPP Funding:
Shioon Kim, DMD., P.s
M Clark Blanchard DDS PLLC
Michaela Bobeva DDS MSD PLLC
Jeffrey A. Schur, DDS MSD
Lifetime Smiles Bellevue
Navneet K. Sekhon DDS PLLC
Abhishake Banda DMD MD Ps
Rosemary Thomas, PLLC
Eugene S Hsu DDS 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, 167% higher than Mei-Ling Wang DDS PLLC's reported 3 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $24,969.
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Footnotes & Information
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