PPP Loan Data — Randall L. Wagner, Kerrville, TX
Randall L. Wagner is a sole proprietorship located at 501 Jefferson St in Kerrville, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Randall L. Wagner in Kerrville, TX received a Paycheck Protection Loan of $25,000 through Guadalupe Bank, which was approved in April, 2020.
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
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, Randall L. Wagner's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Randall L. Wagner reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Randall L. Wagner in Kerrville, TX
501 Jefferson St
Kerrville, TX 78028
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Kerrville
In the Kerrville area, 23 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 4) and received an average PPP loan of $65,838 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Neil Collins DDS
Steven Gaglio Rivas DDS PLLC
Steven Galio Rivas DDS PLLC
Gary A Thorne DDS
Robert E. Carpenter DDS
Byron P Dahse
Michael R Borchers DDS
SLP Dentistry, PLLC
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, 100% higher than Randall L. Wagner's reported 4 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $25,000.
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Footnotes & Information
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