PPP Loan Data — William Akop DDS Professional Corporat, Burbank, CA
William Akop DDS Professional Corporat is a corporation located at 421 E Angeleno Ave Ste 203 in Burbank, California that received a Coronavirus-related PPP loan from the SBA of $47,190.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
William Akop DDS Professional Corporat in Burbank, CA received a Paycheck Protection Loan of $47,190 through Bank of America, National Association, 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 April, 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, William Akop DDS Professional Corporat's 2019 payroll expenses are estimated to be at least $226,512.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,504 per employee1
Reported PPP Proceed Usage:
On the PPP application, William Akop DDS Professional Corporat reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,190
Business Information - William Akop DDS Professional Corporat in Burbank, CA
421 E Angeleno Ave Ste 203
Burbank, CA 91501
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 Burbank
In the Burbank area, 52 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $48,367 (compared to this company's $47,190).
Similar Nearby Businesses Who Received PPP Funding:
Eliza Yazichian DDS Inc
Jane Refela DDS Inc
Michael Shirvani DDS Inc
Cheng Jer Wang
Raffi Margossian,DDS., MSD., Inc
Vahe Nakashyan DDS Mds Dental Corpora Ion
Armen Ambarachyan, DDS., Inc
Behzad Shirazi Ardestani Inc, A Professional Dental Corporat
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 William Akop DDS Professional Corporat's reported 3 employees, and received an average PPP loan of $80,703, 71% higher than this company's loan of $47,190.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!