PPP Loan Data — SGC Dental LLC, Desoto, TX
SGC Dental LLC is a limited liability company (LLC) located at 712 N Hampton Rd Ste 130 in Desoto, Texas that received a Coronavirus-related PPP loan from the SBA of $25,437.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
SGC Dental LLC in Desoto, TX received a Paycheck Protection Loan of $25,437 through Bank of America, National Association, which was approved in June, 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, SGC Dental LLC's 2019 payroll expenses are estimated to be at least $122,098.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,525 per employee1
Reported PPP Proceed Usage:
On the PPP application, SGC Dental LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,437
Business Information - SGC Dental LLC in Desoto, TX
712 N Hampton Rd Ste 130
Desoto, TX 75115
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Desoto
In the Desoto area, 58 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $74,818 (compared to this company's $25,437).
Similar Nearby Businesses Who Received PPP Funding:
Doug Cornish, DMD, PLLC
Professional Orthodontic Associates PC
Todd J Ayars DDS PA
William A. Brown, DDS
Ford DDS. Anesthesia Services, Inc
Lantern Dental Clinic 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, 100% higher than SGC Dental LLC's reported 4 employees, and received an average PPP loan of $80,703, 217% higher than this company's loan of $25,437.
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Footnotes & Information
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