PPP Loan Data — QUE Dinh DMD PLLC, Quincy, MA
QUE Dinh DMD PLLC is a limited liability company (LLC) located at 1261 Furnace Brook Pkwy Ste 16 in Quincy, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,245.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
QUE Dinh DMD PLLC in Quincy, MA received a Paycheck Protection Loan of $25,245 through Bank of America, National Association, which was approved in January, 2021.
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, QUE Dinh DMD PLLC's 2019 payroll expenses are estimated to be at least $121,176.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, QUE Dinh DMD PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,241
- Utilities: $1
Business Information - QUE Dinh DMD PLLC in Quincy, MA
1261 Furnace Brook Pkwy Ste 16
Quincy, MA 2169
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Quincy
In the Quincy area, 64 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $75,942 (compared to this company's $25,245).
Similar Nearby Businesses Who Received PPP Funding:
JF Dental PC
Excel Family Dental, PC
Howard Lau DMD PC
Stella Bondar DMD
Quincy High Care Dentistry LLC
Amir Shahbazian DMD PC
Greater Boston Smiles Pediatric Dentistry PC
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 QUE Dinh DMD PLLC's reported 5 employees, and received an average PPP loan of $80,703, 220% higher than this company's loan of $25,245.
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Footnotes & Information
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