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PPP Loan Data — Sentage Corporation, Saint Petersburg, FL

SBA PPP loan data, payroll data, and salaries for Sentage Corporation
FL

Sentage Corporation

Entity: Corporation

Industry: Dental Laboratories

Location: Saint Petersburg, FL

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Sentage Corporation is a corporation located at 146 2nd St N in Saint Petersburg, Florida that received a Coronavirus-related PPP loan from the SBA of $4,500,000.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.5M

Jobs Retained:

500

Loan Approved:

2020-05-19

Lender:

CIBC BANK USA

Sentage Corporation received a Paycheck Protection Loan of $4.5M through CIBC BANK USA, which was approved in May, 2020.

Based on standard PPP eligibility rules, Sentage Corporation's total 2019 payroll expenses were approximately $21.6M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $43,200 per employee1.

Because the loan received by Sentage Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Sentage Corporation in Saint Petersburg, FL

Sentage Corporation
146 2nd St N
Saint Petersburg, FL 33701

Business Industry

Dental Laboratories (NAICS code 339116)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-13

Similar Companies near Saint Petersburg

In the Saint Petersburg area, 2 businesses in the "Dental Laboratories" industry received a PPP loan. These local businesses reported an average of 252 employees (compared to this company's 500) and received an average PPP loan of $2,261,518 (compared to this company's $4.5M).

Similar Nearby Businesses Who Received PPP Funding:

Gilton & Gilton PLLC
St Petersburg, FL

$23,035 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,978 businesses in the "Dental Laboratories" industry received a total of $289,249,200.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 99% lower than Sentage Corporation's reported 500 employees, and received an average PPP loan of $72,712, 98% lower than this company's loan of $4.5M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sentage-corporation-saint-petersburg-fl