PPP Loan Data — PDG, PA, Saint Paul, MN

PDG, PA

Entity: Corporation

Industry: Offices of Dentists

Location: Saint Paul, MN

PDG, PA is a corporation located at 2200 County Road C West, Suite 2210 in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.

$ PPP Loan Information
Loan #5044477207

Loan Size:

$10M

Jobs Retained:

500

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Frandsen Bank & Trust

PDG, PA in Saint Paul, MN received a Paycheck Protection Loan of $10M through Frandsen Bank & Trust, 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

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, PDG, PA's 2019 payroll expenses are estimated to be at least $48M.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee¹

Reported PPP Proceed Usage:

On the PPP application, PDG, PA reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $7,500,000
Utilities: $1,000,000
Mortgage Interest: $1,500,000

Because the loan received by PDG, PA 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 - PDG, PA in Saint Paul, MN

PDG, PA
2200 County Road C West, Suite 2210
Saint Paul, MN 55113

Business Industry:
Offices of Dentists
NAICS code 621210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Ramsey County, MN — SBA Office 0508 — Congressional District: MN-04

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as PDG, PA.

Dental Specialist Of Minnesota, PLLC
Offices of Dentists

$1.17M PPP Loan

Similar Companies near Saint Paul

In the Saint Paul area, 65 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 500) and received an average PPP loan of $333,907 (compared to this company's $10M).

Similar Nearby Businesses Who Received PPP Funding:

Pham DDS PLLC
Falcon Heights, MN

$72,700 PPP Loan

Family Pediatric Dental Specialists, Plc
Roseville, MN

$20,800 PPP Loan

Public Health Dental LLC
Roseville, MN

$7,352 PPP Loan

Long Lake Family Dentistry PA
Saint Paul, MN

$50,800 PPP Loan

Shema Echano
Roseville, MN

$5,598 PPP Loan

Silver Lake Smile Family Dentistry, Professional Limited Lia
New Brighton, MN

$42,200 PPP Loan

Designing Smiles, PA
Roseville, MN

$66,373 PPP Loan

Matthew D. Berg DDS. PA
Saint Paul, MN

$26,045 PPP Loan

Talison PC
Roseville, MN

$165,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 173,183 businesses in the "Offices of Dentists" industry received a total of $13.98B 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 8 employees, 98% lower than PDG, PA's reported 500 employees, and received an average PPP loan of $80,720, 99% lower than this company's loan of $10M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.

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