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PPP Loan Data — Porter Dental Health Clinic PA,
Hot Springs National Park, AR
Porter Dental Health Clinic PA
Entity: Subchapter S Corporation
Industry: Offices of Dentists
Location: Hot Springs National Park, AR
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Porter Dental Health Clinic PA is a subchapter s corporation located at 1919 Malvern Ave in Hot Springs National Park, Arkansas that received a Coronavirus-related PPP loan from the SBA of $138,800.00 in January, 2021.
$
PPP Loan Information
Loan #5340708303
Loan Size:
Jobs Retained:
10Loan Approved:
2021-01-25Loan Status:
Ongoing LoanLender:
First Security BankPorter Dental Health Clinic PA in Hot Springs National Park, AR received a Paycheck Protection Loan of $138,800 through First Security Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Porter Dental Health Clinic PA's 2019 payroll expenses are estimated to be at least $666,240.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $66,624 per employee1
Reported PPP Proceed Usage:
On the PPP application, Porter Dental Health Clinic PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $138,795
- Utilities: $1
Business Information - Porter Dental Health Clinic PA in Hot Springs National Park, AR
1919 Malvern Ave
Hot Springs National Park, AR 71901
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: Rural
Similar Companies near Hot Springs National Park
In the Hot Springs National Park area, 24 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 10) and received an average PPP loan of $75,698 (compared to this company's $138,800).
Similar Nearby Businesses Who Received PPP Funding:
M. Stephen Harrison, Jr., DDS, PA
Hot Springs National Park, AR
Hot Springs National Dental Group, PA
Hot Springs National Park, AR
Robert J. Barnett DDS. PA
Hot Springs, AR
Blayne Tipton DDS PA
Hot Springs National Park, AR
Robert L.tucker
Hot Springs, AR
Hot Springs National Dental Group PA
Hot Springs, AR
Robert Tucker
Hot Springs, AR
Hot Springs Endodontics Bruce A. Gaston DDS M. Stephen Harri
Hot Springs National Park, AR
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, 20% lower than Porter Dental Health Clinic PA's reported 10 employees, and received an average PPP loan of $80,744, 42% lower than this company's loan of $138,800.
Porter Dental Health Clinic PA
Entity: Subchapter S Corporation
Industry: Offices of Dentists
Location: Hot Springs National Park, AR
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Porter Dental Health Clinic PA is a subchapter s corporation located at 1919 Malvern Ave in Hot Springs National Park, Arkansas that received a Coronavirus-related PPP loan from the SBA of $125,900.00 in April, 2020.
$
PPP Loan Information
Loan #6032477008
Loan Size:
Jobs Retained:
9Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
First Security BankPorter Dental Health Clinic PA in Hot Springs National Park, AR received a Paycheck Protection Loan of $125,900 through First Security 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 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 MoreUnderstanding 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 MoreBased 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, Porter Dental Health Clinic PA's 2019 payroll expenses are estimated to be at least $604,320.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $67,147 per employee1
Reported PPP Proceed Usage:
On the PPP application, Porter Dental Health Clinic PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $125,900
Business Information - Porter Dental Health Clinic PA in Hot Springs National Park, AR
1919 Malvern Ave
Hot Springs National Park, AR 71901
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: Rural
Similar Companies near Hot Springs National Park
In the Hot Springs National Park area, 24 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 9) and received an average PPP loan of $75,698 (compared to this company's $125,900).
Similar Nearby Businesses Who Received PPP Funding:
M. Stephen Harrison, Jr., DDS, PA
Hot Springs National Park, AR
Hot Springs National Dental Group, PA
Hot Springs National Park, AR
Robert J. Barnett DDS. PA
Hot Springs, AR
Blayne Tipton DDS PA
Hot Springs National Park, AR
Robert L.tucker
Hot Springs, AR
Hot Springs National Dental Group PA
Hot Springs, AR
Robert Tucker
Hot Springs, AR
Hot Springs Endodontics Bruce A. Gaston DDS M. Stephen Harri
Hot Springs National Park, AR
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, 11% lower than Porter Dental Health Clinic PA's reported 9 employees, and received an average PPP loan of $80,744, 36% lower than this company's loan of $125,900.
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.
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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