PPP Loan Data — Tampa Palms Dentistry, PLLC, Tampa, FL
Tampa Palms Dentistry, PLLC is a corporation located at 14945 Bruce B Downs Blvd in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $45,750.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Home Bank
Tampa Palms Dentistry, PLLC in Tampa, FL received a Paycheck Protection Loan of $45,750 through First Home Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, Tampa Palms Dentistry, PLLC's 2019 payroll expenses are estimated to be at least $219,600.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tampa Palms Dentistry, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,750
Business Information - Tampa Palms Dentistry, PLLC in Tampa, FL
14945 Bruce B Downs Blvd
Tampa, FL 33613
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 77 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 6) and received an average PPP loan of $89,104 (compared to this company's $45,750).
Similar Nearby Businesses Who Received PPP Funding:
Saul Torres DMD. PA
Crown Dental Inc
Northeast Dental Care, Inc
Pross, Kanter & Tondell, DMD, PA
Michael J. Ruelf, DDS
Lifetime Smiles Dental Care Of St Peters
James Wasielewski DDS Pl
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 Tampa Palms Dentistry, PLLC's reported 6 employees, and received an average PPP loan of $80,703, 76% higher than this company's loan of $45,750.
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Footnotes & Information
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