PPP Loan Data — Rendon Orthodontic Care PLLC, Allen, TX
Rendon Orthodontic Care PLLC is a subchapter s corporation located at 705 S. Custer Rd, Ste 130 in Allen, Texas that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Rendon Orthodontic Care PLLC in Allen, TX received a Paycheck Protection Loan of $24,900 through Prosperity 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 March, 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, Rendon Orthodontic Care PLLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rendon Orthodontic Care PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Rendon Orthodontic Care PLLC in Allen, TX
705 S. Custer Rd, Ste 130
Allen, TX 75013
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 Allen
In the Allen area, 93 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 3) and received an average PPP loan of $60,759 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
LAN Tran DDS PC
Linda Jacob DDS PLLC
Silver Titan PLLC
Dental Den Of Allen PLLC, The
After Hours Dentistry PLLC
Dedicated Dental PA
Summer Smiles Dental & Orthodontics, PLLC
AMI Bhatt DDS PLLC
Twin Creeks 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, 167% higher than Rendon Orthodontic Care PLLC's reported 3 employees, and received an average PPP loan of $80,703, 224% higher than this company's loan of $24,900.
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Footnotes & Information
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