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PPP Loan Data — Peter J Ferrari DDS Professional Corporation, Valparaiso, IN

SBA PPP loan data, payroll data, and salaries for Peter J Ferrari DDS Professional Corporation
IN

Peter J Ferrari DDS Professional Corporation

Entity: Subchapter S Corporation

Industry: Offices of Dentists

Location: Valparaiso, IN

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Peter J Ferrari DDS Professional Corporation is a subchapter s corporation located at 308 W Prairie Bnt in Valparaiso, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,167.00 in February, 2021.

$ PPP Loan Information
Loan #5282638405

Loan Size:

$25,167

Jobs Retained:

12

Loan Approved:

2021-02-08

Loan Status:

Paid in Full or Forgiven

Lender:

First State Bank of Porter

Peter J Ferrari DDS Professional Corporation in Valparaiso, IN received a Paycheck Protection Loan of $25,167 through First State Bank of Porter, which was approved in February, 2021.

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 October, 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.

Read More
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.

Read More

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, Peter J Ferrari DDS Professional Corporation's 2019 payroll expenses are estimated to be at least $120,802.

Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,067 per employee1

Reported PPP Proceed Usage:

On the PPP application, Peter J Ferrari DDS Professional Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,167

Business Information - Peter J Ferrari DDS Professional Corporation in Valparaiso, IN

Peter J Ferrari DDS Professional Corporation
308 W Prairie Bnt
Valparaiso, IN 46385

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

Porter County, IN — SBA Office 0562 — Congressional District: IN-01

Similar Companies near Valparaiso

In the Valparaiso area, 14 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 12) and received an average PPP loan of $123,522 (compared to this company's $25,167).

Industry PPP Comparison Statistics

Nationwide, 173,223 businesses in the "Offices of Dentists" industry received a total of $13.99B 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, 33% lower than Peter J Ferrari DDS Professional Corporation's reported 12 employees, and received an average PPP loan of $80,744, 221% higher than this company's loan of $25,167.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/peter-j-ferrari-dds-professional-corporation-valparaiso-in