PPP Loan Data — Rickey Fong, DDS, Campbell, CA
Rickey Fong, DDS is a sole proprietorship located at Rickey L Fong, Dds 621 E Campbell Ave Ste 4 in Campbell, California that received a Coronavirus-related PPP loan from the SBA of $25,064.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Rickey Fong, DDS in Campbell, CA received a Paycheck Protection Loan of $25,064 through Bank of America, National Association, 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 April, 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, Rickey Fong, DDS's 2019 payroll expenses are estimated to be at least $120,307.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,154 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rickey Fong, DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,064
Business Information - Rickey Fong, DDS in Campbell, CA
Rickey L Fong, Dds 621 E Campbell Ave Ste 4
Campbell, CA 95008
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Campbell
In the Campbell area, 49 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 2) and received an average PPP loan of $95,208 (compared to this company's $25,064).
Similar Nearby Businesses Who Received PPP Funding:
Vuppala Dental Corporation
Peter A Moosman DDS A Professional Corpo
Sona Khinvasara DDS Inc
Sara G. Sugishita DMD., A Dental Corporation
William A. Vainer DDS
Karen Ho, DDS., Incorporated
The Dental Office Of Steve Chu DDS, 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, 300% higher than Rickey Fong, DDS's reported 2 employees, and received an average PPP loan of $80,703, 222% higher than this company's loan of $25,064.
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Footnotes & Information
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