PPP Loan Data — Patrick Carroll DDS, Pocahontas, AR
Patrick Carroll DDS is a sole proprietorship located at 301-a Country Club Road in Pocahontas, Arkansas that received a Coronavirus-related PPP loan from the SBA of $45,731.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Horizon Bank
Patrick Carroll DDS in Pocahontas, AR received a Paycheck Protection Loan of $45,731 through First Horizon Bank, which was approved in April, 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, Patrick Carroll DDS's 2019 payroll expenses are estimated to be at least $219,509.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,902 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patrick Carroll DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,731
Business Information - Patrick Carroll DDS in Pocahontas, AR
301-a Country Club Road
Pocahontas, AR 72455
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: Rural
Similar Companies near Pocahontas
In the Pocahontas area, 10 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 5) and received an average PPP loan of $66,579 (compared to this company's $45,731).
Similar Nearby Businesses Who Received PPP Funding:
Walk With Us Home Care, LLC
Family Dental Care Of Pocahontas Inc
Joshua R. Toney DDS PA
Brady L Allmon DDS
Karla T Baltz DDS PA
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 Patrick Carroll DDS's reported 5 employees, and received an average PPP loan of $80,703, 76% higher than this company's loan of $45,731.
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Footnotes & Information
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