PPP Loan Data — Mills-Peninsula Pediatric Dentistry & Orthodontics, Millbrae, CA
Mills-Peninsula Pediatric Dentistry & Orthodontics is a corporation located at 120 S El Camino Real Ste 1 in Millbrae, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Republic Bank
Mills-Peninsula Pediatric Dentistry & Orthodontics in Millbrae, CA received a Paycheck Protection Loan of $25,000 through First Republic 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 March, 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, Mills-Peninsula Pediatric Dentistry & Orthodontics' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mills-Peninsula Pediatric Dentistry & Orthodontics reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Rent: $5,000
Business Information - Mills-Peninsula Pediatric Dentistry & Orthodontics in Millbrae, CA
120 S El Camino Real Ste 1
Millbrae, CA 94030
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Millbrae
In the Millbrae area, 32 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 7) and received an average PPP loan of $74,368 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Sherry P. Tsai DDS Inc
Luisa Cheung DDS
Jeffrey P Gressard, DDS
Dela Rama A&M Dental Corp
Donald Yang, DDS, Inc
Joseph Walter Bronzini DDS A Professional Corporation
Rungnapa Warotayanont Dental Corp
Janet Lim, DMD, A Professional Corporation
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, 14% higher than Mills-Peninsula Pediatric Dentistry & Orthodontics' reported 7 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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