PPP Loan Data — Robert E. Sharp, DDS., M .S.d., PLLC, Queensbury, NY
Robert E. Sharp, DDS., M .S.d., PLLC is a limited liability company (LLC) located at 16 Hunter Brook Ln in Queensbury, New York that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in May, 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:Paid in Full or Forgiven
Lender:The Adirondack Trust Company
Robert E. Sharp, DDS., M .S.d., PLLC in Queensbury, NY received a Paycheck Protection Loan of $25,300 through The Adirondack Trust Company, 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 January, 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, Robert E. Sharp, DDS., M .S.d., PLLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert E. Sharp, DDS., M .S.d., PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Robert E. Sharp, DDS., M .S.d., PLLC in Queensbury, NY
16 Hunter Brook Ln
Queensbury, NY 12804
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: N
Rural / Urban: Rural
Similar Companies near Queensbury
In the Queensbury area, 24 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 4) and received an average PPP loan of $83,648 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Bishop Dental Lab Inc
Cottrell And Mccullough Dental PLLC
Carly J Mccullough DDS PC
Northeast Surgical Specialists, PLLC
Schutze Family Dentistry, PC
Adirondack Dental Care, PC
William S. Caron
KIT Burkich DDS
David C. Parsons, DMD., PC
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 Robert E. Sharp, DDS., M .S.d., PLLC's reported 4 employees, and received an average PPP loan of $80,703, 219% higher than this company's loan of $25,300.
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Footnotes & Information
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