PPP Loan Data — Ykumar Dental LLC, Trenton, NJ
Ykumar Dental LLC is a limited liability company (LLC) located at 2312 Whitehorse Mercerville Rd Ste 107 in Trenton, New Jersey that received a Coronavirus-related PPP loan from the SBA of $24,827.00 in May, 2020.
The company has reported itself as an Asian female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Ykumar Dental LLC in Trenton, NJ received a Paycheck Protection Loan of $24,827 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, Ykumar Dental LLC's 2019 payroll expenses are estimated to be at least $119,170.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,793 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ykumar Dental LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,827
Business Information - Ykumar Dental LLC in Trenton, NJ
2312 Whitehorse Mercerville Rd Ste 107
Trenton, NJ 8619
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Ykumar Dental LLC's reported 4 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,827.
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Footnotes & Information
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