PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — New Application, Waterville, ME

ALERT: There are a total of 4 PPP loans in our database for businesses with the name "New Application" in Waterville, ME. Reasoning for multiple loans may include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. See the list of loans under this name and additional details below.

SBA PPP loan data, payroll data, and salaries for New Application
ME

New Application

Entity: Limited Liability Company (LLC)

Industry: Offices of Dentists

Location: Waterville, ME

Search All PPP Data

New Application is a limited liability company (LLC) located at 159 Silver Street in Waterville, Maine that received a Coronavirus-related PPP loan from the SBA of $57,412.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$57,412

Jobs Retained:

11

Loan Approved:

2020-04-08

Lender:

CAMDEN NATIONAL BANK

New Application in Waterville, ME received a Paycheck Protection Loan of $57,412 through CAMDEN NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, New Application's total 2019 payroll expenses were approximately $275,578 in order to qualify for the PPP loan amount received.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $25,053 per employee1.

Business Information - New Application in Waterville, ME

New Application
159 Silver Street
Waterville, ME 04901

Business Industry

Offices of Dentists (NAICS code 621210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ME-01

Similar Companies near Waterville

In the Waterville area, 10 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 11) and received an average PPP loan of $74,039 (compared to this company's $57,412).

Industry PPP Comparison Statistics

Nationwide, 101,110 businesses in the "Offices of Dentists" industry received a total of $8,216,479,982.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 36% lower than New Application's reported 11 employees, and received an average PPP loan of $81,263, 42% higher than this company's loan of $57,412.

SBA PPP loan data, payroll data, and salaries for New Application
ME Nonprofit Organization

New Application

Entity: Non-profit Organization

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Waterville, ME

Search All PPP Data

New Application is a non-profit organization located at 67 Eustis Pkwy in Waterville, Maine that received a Coronavirus-related PPP loan from the SBA of $3,733,133.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.73M

Jobs Retained:

375

Loan Approved:

2020-04-08

Lender:

CAMDEN NATIONAL BANK

New Application in Waterville, ME received a Paycheck Protection Loan of $3.73M through CAMDEN NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, New Application's total 2019 payroll expenses were approximately $17.92M in order to qualify for the PPP loan amount received.

Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $47,784 per employee1.

Because the loan received by New Application is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - New Application in Waterville, ME

New Application
67 Eustis Pkwy
Waterville, ME 04901

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ME-01

Industry PPP Comparison Statistics

Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than New Application's reported 375 employees, and received an average PPP loan of $52,032, 99% lower than this company's loan of $3.73M.

SBA PPP loan data, payroll data, and salaries for New Application
ME

New Application

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Waterville, ME

Search All PPP Data

New Application is a limited liability company (LLC) located at 31 Front Street in Waterville, Maine that received a Coronavirus-related PPP loan from the SBA of $600,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$600,000
Likely Employment Reduction3

Jobs Retained:

16

Loan Approved:

2020-04-07

Lender:

CAMDEN NATIONAL BANK

New Application in Waterville, ME received a Paycheck Protection Loan of $600,000 through CAMDEN NATIONAL BANK, which was approved in April, 2020.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 16 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 29.

Based on standard PPP eligibility rules, New Application's total 2019 payroll expenses were approximately $2.88M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.

Because the 16 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Business Information - New Application in Waterville, ME

New Application
31 Front Street
Waterville, ME 04901

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ME-01

Similar Companies near Waterville

In the Waterville area, 9 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 16) and received an average PPP loan of $149,231 (compared to this company's $600,000).

Industry PPP Comparison Statistics

Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 38% lower than New Application's reported 16 employees, and received an average PPP loan of $138,136, 77% lower than this company's loan of $600,000.

SBA PPP loan data, payroll data, and salaries for New Application
ME

New Application

Entity: Corporation

Industry: Offices of Dentists

Location: Waterville, ME

Search All PPP Data

New Application is a corporation located at 57 Silver St in Waterville, Maine that received a Coronavirus-related PPP loan from the SBA of $153,435.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$153,435

Jobs Retained:

17

Loan Approved:

2020-04-08

Lender:

CAMDEN NATIONAL BANK

New Application in Waterville, ME received a Paycheck Protection Loan of $153,435 through CAMDEN NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, New Application's total 2019 payroll expenses were approximately $736,488 in order to qualify for the PPP loan amount received.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $43,323 per employee1.

Business Information - New Application in Waterville, ME

New Application
57 Silver St
Waterville, ME 04901

Business Industry

Offices of Dentists (NAICS code 621210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: ME-01

Similar Companies near Waterville

In the Waterville area, 10 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 17) and received an average PPP loan of $74,039 (compared to this company's $153,435).

Industry PPP Comparison Statistics

Nationwide, 101,110 businesses in the "Offices of Dentists" industry received a total of $8,216,479,982.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 59% lower than New Application's reported 17 employees, and received an average PPP loan of $81,263, 47% lower than this company's loan of $153,435.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/new-application-waterville-me