PPP Loan Data — Aurora Chiropractic Healthcare PC, Aurora, CO
Aurora Chiropractic Healthcare PC is a subchapter s corporation located at 2220 S Fraser St Unit 3 in Aurora, Colorado that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Aurora Chiropractic Healthcare PC in Aurora, CO received a Paycheck Protection Loan of $46,700 through First-Citizens Bank & Trust Company, 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, Aurora Chiropractic Healthcare PC's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,832 per employee1
Reported PPP Proceed Usage:
On the PPP application, Aurora Chiropractic Healthcare PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Aurora Chiropractic Healthcare PC in Aurora, CO
2220 S Fraser St Unit 3
Aurora, CO 80014
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Aurora
In the Aurora area, 36 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $20,201 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Dalton Clinic, LLC
Shuemake Family Chiropractic LLC
Murphy Family Chiropractic PC
South Aurora Chiropratic Inc
Baldwin Family Chiropractic
Adio Chiropractic Center
Gregory Wolgin, DC., LLC
Michael B Coady Dcpc
Elevated Health Chiropractic Inc
Industry PPP Comparison Statistics
Nationwide, 49,175 businesses in the "Offices of Chiropractors" industry received a total of $1.52B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 20% lower than Aurora Chiropractic Healthcare PC's reported 5 employees, and received an average PPP loan of $30,923, 34% lower than this company's loan of $46,700.
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