PPP Loan Data — Yummy Dental And Orthodontics For Kids LTD, Chicago, IL
Yummy Dental And Orthodontics For Kids LTD is a corporation located at 3500 N Lincoln Ave in Chicago, Illinois that received a Coronavirus-related PPP loan from the SBA of $45,858.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Plains State Bank
Yummy Dental And Orthodontics For Kids LTD in Chicago, IL received a Paycheck Protection Loan of $45,858 through Plains State 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 January, 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, Yummy Dental And Orthodontics For Kids LTD's 2019 payroll expenses are estimated to be at least $220,118.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,030 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yummy Dental And Orthodontics For Kids LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,858
Business Information - Yummy Dental And Orthodontics For Kids LTD in Chicago, IL
3500 N Lincoln Ave
Chicago, IL 60657
Offices of Dentists
NAICS code 621210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chicago
In the Chicago area, 102 businesses in the "Offices of Dentists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $57,295 (compared to this company's $45,858).
Similar Nearby Businesses Who Received PPP Funding:
Harrison E Mackler
C.f. Ciullo, DMD, LLC
Jose Villa, DDS., PC
FLM Dental Corp. SC
Modern Dental On Sheffield
Henry C Schuppert DDS MS 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, 100% higher than Yummy Dental And Orthodontics For Kids LTD's reported 4 employees, and received an average PPP loan of $80,703, 76% higher than this company's loan of $45,858.
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Footnotes & Information
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