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PPP Loan Data — Riccobene & Associates I, DDS, PA,
Cary, NC
Riccobene & Associates I, DDS, PA
Entity: Corporation
Industry: Offices of Dentists
Location: Cary, NC
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Riccobene & Associates I, DDS, PA is a corporation located at 3434 Kildaire Farm Rd in Cary, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,645,802.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
470Loan Approved:
2020-04-15Lender:
WEBSTER BANK, NATIONAL ASSOCIATIONRiccobene & Associates I, DDS, PA in Cary, NC received a Paycheck Protection Loan of $5.65M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Riccobene & Associates I, DDS, PA's total 2019 payroll expenses were approximately $27.1M in order to qualify for the PPP loan amount received.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $57,659 per employee1.
Business Information - Riccobene & Associates I, DDS, PA in Cary, NC
3434 Kildaire Farm Rd
Cary, NC 27518
Business Industry
Offices of Dentists (NAICS code 621210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-02Similar Companies near Cary
In the Cary area, 67 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 470) and received an average PPP loan of $168,803 (compared to this company's $5.65M).
Similar Nearby Businesses Who Received PPP Funding:
Dr Robert B Nay DMD PA
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James R Davies DDS PLLC
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Timothy Scott Barlow DDS, PA
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Frederick G Lehmann, DDS, PA
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Advanced Dental Associates Inc
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Steven Campbell, PLLC
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Maureen M Raczka, DDS And Timothy C Raczka, DDS, PA
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David Lee Hill, Jr DDS, PLLC
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Geeta Bhat DDS PA
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Industry PPP Comparison Statistics
Nationwide, 101,110 businesses in the "Offices of Dentists" industry received a total of $8,216,479,982.00 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 7 employees, 99% lower than Riccobene & Associates I, DDS, PA's reported 470 employees, and received an average PPP loan of $81,263, 99% lower than this company's loan of $5.65M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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