PPP Loan Data — DR. Andrew Rajeckas, Lake Hopatcong, NJ
DR. Andrew Rajeckas is a sole proprietorship located at 762 State Route 15 in Lake Hopatcong, New Jersey that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
DR. Andrew Rajeckas in Lake Hopatcong, NJ received a Paycheck Protection Loan of $24,900 through First Bank, 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, DR. Andrew Rajeckas' 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, DR. Andrew Rajeckas reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - DR. Andrew Rajeckas in Lake Hopatcong, NJ
762 State Route 15
Lake Hopatcong, NJ 7849
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lake Hopatcong
In the Lake Hopatcong area, 6 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 4) and received an average PPP loan of $26,034 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Lafayette Township, NJ
Lake Hopatcong, NJ
Kristin Soehl Family Chiropractic LLC
Takacs Chiropractic Center
Jefferson Chiropractic PC
Lake Hopatcong, NJ
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 DR. Andrew Rajeckas and received an average PPP loan of $30,923, 24% higher than this company's loan of $24,900.
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Footnotes & Information
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