PPP Loan Data — Foot Care Solutions LLC, Columbus, OH
Foot Care Solutions LLC is a limited liability company (LLC) located at 3184 W Broad St Ste C in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Foot Care Solutions LLC in Columbus, OH received a Paycheck Protection Loan of $25,000 through The Huntington National Bank, which was approved in April, 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, Foot Care Solutions LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Foot Care Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Foot Care Solutions LLC in Columbus, OH
3184 W Broad St Ste C
Columbus, OH 43204
Offices of Podiatrists
NAICS code 621391
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 Columbus
In the Columbus area, 3 businesses in the "Offices of Podiatrists" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $20,767 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Donnalyn Moeller, DPM,Inc
Foot Care Solutions
Industry PPP Comparison Statistics
Nationwide, 7,173 businesses in the "Offices of Podiatrists" industry received a total of $380.91M 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 6 employees, 100% higher than Foot Care Solutions LLC's reported 3 employees, and received an average PPP loan of $53,103, 112% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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