PPP Loan Data — Wayne H Dudley DDS PC, Washington, UT
Wayne H Dudley DDS PC is a subchapter s corporation located at 272 N Cliffside Dr in Washington, Utah that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Wayne H Dudley DDS PC in Washington, UT received a Paycheck Protection Loan of $25,000 through Zions Bank, A Division of, which was approved in May, 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, Wayne H Dudley DDS PC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Wayne H Dudley DDS PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Wayne H Dudley DDS PC in Washington, UT
272 N Cliffside Dr
Washington, UT 84780
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: Urban
Similar Companies near Washington
In the Washington area, 9 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $29,828 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
David V Brown, PLLC
Burke Orthodontics PLLC
Robert L. Gibson, DDS, PC
Wade F. Stevens, DDS, PC
James G Millward PC
Shad L. Morris, DMD, 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, 300% higher than Wayne H Dudley DDS PC's reported 2 employees, and received an average PPP loan of $80,703, 223% higher than this company's loan of $25,000.
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Footnotes & Information
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