PPP Loan Data — Terry D. Sawyer DDS, Hermitage, TN
Terry D. Sawyer DDS is a sole proprietorship located at 5651frist Boulevard Suite 301 in Hermitage, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,264.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Idaho First Bank
Terry D. Sawyer DDS in Hermitage, TN received a Paycheck Protection Loan of $25,264 through Idaho First 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 June, 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, Terry D. Sawyer DDS's 2019 payroll expenses are estimated to be at least $121,267.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,422 per employee1
Reported PPP Proceed Usage:
On the PPP application, Terry D. Sawyer DDS reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,264
Business Information - Terry D. Sawyer DDS in Hermitage, TN
5651frist Boulevard Suite 301
Hermitage, TN 37076
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hermitage
In the Hermitage area, 68 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $121,619 (compared to this company's $25,264).
Similar Nearby Businesses Who Received PPP Funding:
Amy Connor DDS PLLC
Terry R Cashion DDS
Hendersonville Family Dentistry LLC
Tabor Dental Associates PC
Morris Orthodontics PLLC
Brandon Hodge DDS
Excel Dental Training Institute
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, 167% higher than Terry D. Sawyer DDS's reported 3 employees, and received an average PPP loan of $80,703, 219% higher than this company's loan of $25,264.
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Footnotes & Information
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