PPP Loan Data — Scott Matthews, DDS, Apdc, Shreveport, LA
Scott Matthews, DDS, Apdc is a subchapter s corporation located at 9300 Mansfield Rd Suite 300 in Shreveport, Louisiana that received a Coronavirus-related PPP loan from the SBA of $46,597.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Home Federal Bank
Scott Matthews, DDS, Apdc in Shreveport, LA received a Paycheck Protection Loan of $46,597 through Home Federal Bank, which was approved in April, 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, Scott Matthews, DDS, Apdc's 2019 payroll expenses are estimated to be at least $223,666.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,278 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scott Matthews, DDS, Apdc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,597
Business Information - Scott Matthews, DDS, Apdc in Shreveport, LA
9300 Mansfield Rd Suite 300
Shreveport, LA 71118
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Shreveport
In the Shreveport area, 17 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 6) and received an average PPP loan of $126,388 (compared to this company's $46,597).
Similar Nearby Businesses Who Received PPP Funding:
Ernest C Farabee Apdc
Ross H. Dies, Apdc
Emile T Geneux DDS, Benjamin A Beach DDS, & Ross H Dies, Apd
Frank W. Harmon, DDS., A Professional Corporation
Crump Family Dentistry LLC
Ross H Dies DDS & Benjamin A Beach DDS, LLC
Drs. Gamble Clark & Harmon Oral Surgery Associates, Adc
Emile T Geneux DDS Benjamin A Beach DDS & Ross H Dies Apdc L
Henderson Dentistry, LLC
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, 33% higher than Scott Matthews, DDS, Apdc's reported 6 employees, and received an average PPP loan of $80,703, 73% higher than this company's loan of $46,597.
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Footnotes & Information
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