PPP Loan Data — Steven M. Sanchez Dentistry And Orthodontics, Boerne, TX
Steven M. Sanchez Dentistry And Orthodontics is a subchapter s corporation located at 230 W Bandera Rd in Boerne, Texas that received a Coronavirus-related PPP loan from the SBA of $47,013.00 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:Ongoing Loan
Steven M. Sanchez Dentistry And Orthodontics in Boerne, TX received a Paycheck Protection Loan of $47,013 through BBVA USA, 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, Steven M. Sanchez Dentistry And Orthodontics' 2019 payroll expenses are estimated to be at least $225,662.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,610 per employee1
Reported PPP Proceed Usage:
On the PPP application, Steven M. Sanchez Dentistry And Orthodontics reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,013
Business Information - Steven M. Sanchez Dentistry And Orthodontics in Boerne, TX
230 W Bandera Rd
Boerne, TX 78006
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Ethnicity: 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 Boerne
In the Boerne area, 40 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $61,290 (compared to this company's $47,013).
Similar Nearby Businesses Who Received PPP Funding:
George E Metz III DDS PA
Justin Anthony Dacy DDS. MS. PA
Codruta Simescu DMD
Boerne TX Family Dentistry PLLC
Ferris Orthodontics, PC
Wade Hundley, DDS., PA
Boerne Endodontic Associates PLLC
Boerne Dental Center, PLLC
Brandon M Gardner DDS 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, 33% higher than Steven M. Sanchez Dentistry And Orthodontics' reported 6 employees, and received an average PPP loan of $80,703, 72% higher than this company's loan of $47,013.
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Footnotes & Information
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