PPP Loan Data — Donald Myren, Carlsbad, CA
Donald Myren is a sole proprietorship located at 3730 Nautical Dr in Carlsbad, California that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Donald Myren in Carlsbad, CA received a Paycheck Protection Loan of $46,700 through First-Citizens Bank & Trust Company, which was approved in May, 2020.
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, Donald Myren'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, Donald Myren reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Donald Myren in Carlsbad, CA
3730 Nautical Dr
Carlsbad, CA 92008
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Carlsbad
In the Carlsbad area, 29 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 5) and received an average PPP loan of $21,478 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Cardiff By The Sea, CA
Lawrence R. Dahl Chiropractic Corp
Leeder Chiropractic Inc
Shawn Burns Teeter DC
Gohl Clinic Of 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 Donald Myren'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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Footnotes & Information
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