PPP Loan Data — Saekyu Oh, Bakersfield, CA
Saekyu Oh is a corporation located at 3990 Ming Ave in Bakersfield, California that received a Coronavirus-related PPP loan from the SBA of $1,914,950.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:MUFG Union Bank, National Association
Saekyu Oh in Bakersfield, CA received a Paycheck Protection Loan of $1.91M through MUFG Union Bank, National Association, 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, Saekyu Oh's 2019 payroll expenses are estimated to be at least $9.19M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $61,278 per employee1
Reported PPP Proceed Usage:
On the PPP application, Saekyu Oh reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,914,950
Business Information - Saekyu Oh in Bakersfield, CA
3990 Ming Ave
Bakersfield, CA 93309
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: Y
Rural / Urban: Urban
Similar Companies near Bakersfield
In the Bakersfield area, 68 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 150) and received an average PPP loan of $139,559 (compared to this company's $1.91M).
Similar Nearby Businesses Who Received PPP Funding:
Bruce Gloeckner DDS Inc
P Hiram Rodriguez DDS A Professional Corporation
Nujoud Mubaraka DDS Inc
Marvizi Dental Group DBA Apollonia Dental
Marvizi Dental Group
Aaron K Breaux DDS Inc
Peter D Kim Dental Corporation
Phillips And Jue Dental
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, 95% lower than Saekyu Oh's reported 150 employees, and received an average PPP loan of $80,703, 96% lower than this company's loan of $1.91M.
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Footnotes & Information
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