PPP Loan Data — Dr Donald R Acton PA, Asheville, NC
Dr Donald R Acton PA is a corporation located at 789 Patton Ave in Asheville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,293.00 in April, 2020.
The company has reported itself as a White 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:The Park National Bank
Dr Donald R Acton PA in Asheville, NC received a Paycheck Protection Loan of $25,293 through The Park National 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, Dr Donald R Acton PA's 2019 payroll expenses are estimated to be at least $121,406.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,281 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dr Donald R Acton PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,234
- Rent: $5,059
Business Information - Dr Donald R Acton PA in Asheville, NC
789 Patton Ave
Asheville, NC 28806
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: Y
Rural / Urban: Urban
Similar Companies near Asheville
In the Asheville area, 17 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 $20,263 (compared to this company's $25,293).
Similar Nearby Businesses Who Received PPP Funding:
Black Mountain Family Chiropractic And Wellness Center, Pll
Terri L Lechner DC PA
Petersen Chiropractic, PLLC
Hardin Chiropractic PC
Decker Chiropractic PLLC
Asheville Chiropractic & Wellness Center, PLLC
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 Dr Donald R Acton PA's reported 5 employees, and received an average PPP loan of $30,923, 22% higher than this company's loan of $25,293.
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Footnotes & Information
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