PPP Loan Data — Scott Merlin Thompson, Clarkesville, GA
Scott Merlin Thompson is a sole proprietorship located at 225 Jefferson St Po Box 1986 in Clarkesville, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,843.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Peach State FCU
Scott Merlin Thompson in Clarkesville, GA received a Paycheck Protection Loan of $46,843 through Peach State FCU, 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, Scott Merlin Thompson's 2019 payroll expenses are estimated to be at least $224,846.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,121 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scott Merlin Thompson reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,843
Business Information - Scott Merlin Thompson in Clarkesville, GA
225 Jefferson St Po Box 1986
Clarkesville, GA 30523
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: Rural
Similar Companies near Clarkesville
In the Clarkesville area, 11 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 7) and received an average PPP loan of $72,418 (compared to this company's $46,843).
Similar Nearby Businesses Who Received PPP Funding:
Eubank Family Dentistry, LLC
Regina A Boling DDS PC
Renew Dental Inc
James H Farmer DMD PC
Cary S Miller, DMD, PC
Eubank Family Dentistry
Michael K Phelan 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, 14% higher than Scott Merlin Thompson's reported 7 employees, and received an average PPP loan of $80,703, 72% higher than this company's loan of $46,843.
FederalPay's PPP Information Policy
Footnotes & Information
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