PPP Loan Data — Smile Creators, PA, Clifton, NJ
Smile Creators, PA
Location: Clifton, NJTweet This • Search All PPP Data
Smile Creators, PA is a corporation located at 139 Main Avenue in Clifton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,320.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Smile Creators, PA in Clifton, NJ received a Paycheck Protection Loan of $25,320 through TD Bank, National Association, which was approved in May, 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, Smile Creators, PA's 2019 payroll expenses are estimated to be at least $121,536.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,768 per employee1
Reported PPP Proceed Usage:
On the PPP application, Smile Creators, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,320
Business Information - Smile Creators, PA in Clifton, NJ
139 Main Avenue
Clifton, NJ 7014
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Clifton
In the Clifton area, 12 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $93,643 (compared to this company's $25,320).
Similar Nearby Businesses Who Received PPP Funding:
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Diagnostic Imaging Services Of NJ LLC
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Chang J. Lee
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Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 5 employees, 150% higher than Smile Creators, PA's reported 2 employees, and received an average PPP loan of $38,577, 52% higher than this company's loan of $25,320.
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