PPP Loan Data — Ryba Dentistry LLC, Seven Hills, OH
Ryba Dentistry LLC is a limited liability company (LLC) located at 7393 Broadview Rd Ste E in Seven Hills, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,150.00 in April, 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:Ongoing Loan
Lender:The Huntington National Bank
Ryba Dentistry LLC in Seven Hills, OH received a Paycheck Protection Loan of $25,150 through The Huntington National Bank, which was approved in April, 2020.
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, Ryba Dentistry LLC's 2019 payroll expenses are estimated to be at least $120,720.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,144 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ryba Dentistry LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,150
Business Information - Ryba Dentistry LLC in Seven Hills, OH
7393 Broadview Rd Ste E
Seven Hills, OH 44131
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: Urban
Similar Companies near Seven Hills
In the Seven Hills area, 69 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 5) and received an average PPP loan of $76,376 (compared to this company's $25,150).
Similar Nearby Businesses Who Received PPP Funding:
Richard B Nesbett DDS Inc
Seven Hills, OH
Richard J. Bobulsky DDS., MSD., LLC
Care Dental LLC
Middleburg Hts, OH
Jordan M. Job DDS. Inc
Thomas M Bilski, DDS & Assoc._Inc
Randall W. Radefeld, DDS., Inc
Michael I Kulick DDS & Association Inc
Seven Hills, OH
DR. D. Yezerski, 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 Ryba Dentistry LLC's reported 5 employees, and received an average PPP loan of $80,703, 221% higher than this company's loan of $25,150.
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Footnotes & Information
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