PPP Loan Data — Richardson DMD Inc, Homer, AK
Richardson DMD Inc is a corporation located at 412 E Pioneer Ave Ste 2 in Homer, Alaska that received a Coronavirus-related PPP loan from the SBA of $46,821.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank Alaska
Richardson DMD Inc in Homer, AK received a Paycheck Protection Loan of $46,821 through First National Bank Alaska, which was approved in May, 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 June, 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, Richardson DMD Inc's 2019 payroll expenses are estimated to be at least $224,741.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,948 per employee1
Reported PPP Proceed Usage:
On the PPP application, Richardson DMD Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,821
Business Information - Richardson DMD Inc in Homer, AK
412 E Pioneer Ave Ste 2
Homer, AK 99603
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Homer
In the Homer area, 6 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $92,931 (compared to this company's $46,821).
Similar Nearby Businesses Who Received PPP Funding:
James Bourne DDS PC
Homer Dental Clinic LLC
Homer Dental Center Inc
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 Richardson DMD Inc's reported 5 employees, and received an average PPP loan of $80,703, 72% higher than this company's loan of $46,821.
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Footnotes & Information
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