PPP Loan Data — Chiropractic Office Services Of Edmond LLC, Edmond, OK
Chiropractic Office Services Of Edmond LLC is a limited liability partnership located at 4625 Mccartney Ln in Edmond, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,196.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Enterprise Bank
Chiropractic Office Services Of Edmond LLC in Edmond, OK received a Paycheck Protection Loan of $25,196 through First Enterprise Bank, which was approved 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, Chiropractic Office Services Of Edmond LLC's 2019 payroll expenses are estimated to be at least $120,941.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, Chiropractic Office Services Of Edmond LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,195
Business Information - Chiropractic Office Services Of Edmond LLC in Edmond, OK
4625 Mccartney Ln
Edmond, OK 73034
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Edmond
In the Edmond area, 10 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $26,141 (compared to this company's $25,196).
Similar Nearby Businesses Who Received PPP Funding:
Awaken Health And Wellness Center
Chappell Clinic, Inc
Shepard Chiropractic And Wellness, PLLC
Chiropractic Services Of Edmond, LLC
OKC Chiro 1, LLC
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, the same amount reported by Chiropractic Office Services Of Edmond LLC and received an average PPP loan of $30,923, 23% higher than this company's loan of $25,196.
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Footnotes & Information
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