PPP Loan Data — Thomas Wieg, DDS., Inc, Mariposa, CA
Thomas Wieg, DDS., Inc is a subchapter s corporation located at 5371 Hwy 49 N in Mariposa, California that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Premier Valley Bank
Thomas Wieg, DDS., Inc in Mariposa, CA received a Paycheck Protection Loan of $25,100 through Premier Valley Bank, 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, Thomas Wieg, DDS., Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,211 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thomas Wieg, DDS., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Thomas Wieg, DDS., Inc in Mariposa, CA
5371 Hwy 49 N
Mariposa, CA 95338
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: Rural
Similar Companies near Mariposa
In the Mariposa area, 19 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 7) and received an average PPP loan of $142,043 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Trang Duong, DDS., MS., Inc
Watanakeeree, DDS & Wieg, DDS Inc
R. Ciccarelli, DDS., R. Joseph, DDS., M. El Farra, DDS., D
Tinna T Lee DDS Inc
Rick Van Tran, DDS, Inc
El Rasheed Khalifa, Bds, MS Inc
Trueb And Becker Asset Management Group
Philip H Derby DDS
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, 14% higher than Thomas Wieg, DDS., Inc's reported 7 employees, and received an average PPP loan of $80,703, 222% higher than this company's loan of $25,100.
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Footnotes & Information
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