PPP Loan Data — Ronald R. Hilder, Galt, CA
Ronald R. Hilder is a sole proprietorship located at 425 Pine St Ste 3 in Galt, California that received a Coronavirus-related PPP loan from the SBA of $46,970.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farmers & Merchants Bank of Central California
Ronald R. Hilder in Galt, CA received a Paycheck Protection Loan of $46,970 through Farmers & Merchants Bank of Central California, which was approved 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, Ronald R. Hilder's 2019 payroll expenses are estimated to be at least $225,456.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,091 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ronald R. Hilder reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,965
- Utilities: $1
Business Information - Ronald R. Hilder in Galt, CA
425 Pine St Ste 3
Galt, CA 95632
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Galt
In the Galt area, 10 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $74,144 (compared to this company's $46,970).
Similar Nearby Businesses Who Received PPP Funding:
Steven S. Sanford DDS Inc
Thanh Quoc Ho
Jason M. Roach DDS, Inc
AMR M Enaya DDS Inc
Park DDS Mph Inc
Kimberlee Sakai DBA Galt Family Optometric Center
AMR M Enaya DDS Inc
216n Lincoln Way, CA
Ronald R. Hilder DDS
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 Ronald R. Hilder's reported 5 employees, and received an average PPP loan of $80,703, 72% higher than this company's loan of $46,970.
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Footnotes & Information
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