PPP Loan Data — Hamilton Chiropractic Clinic, LLC, Hamilton, AL
Hamilton Chiropractic Clinic, LLC
Entity: Limited Liability Company (LLC)
Location: Hamilton, ALTweet This • Search All PPP Data
Hamilton Chiropractic Clinic, LLC is a limited liability company (LLC) located at 249 Po Box in Hamilton, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,459.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The HomeTown Bank of Alabama
Hamilton Chiropractic Clinic, LLC in Hamilton, AL received a Paycheck Protection Loan of $25,459 through The HomeTown Bank of Alabama, 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 March, 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, Hamilton Chiropractic Clinic, LLC's 2019 payroll expenses are estimated to be at least $122,203.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,102 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hamilton Chiropractic Clinic, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,459
Business Information - Hamilton Chiropractic Clinic, LLC in Hamilton, AL
249 Po Box
Hamilton, AL 35570
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hamilton
In the Hamilton area, 3 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $30,296 (compared to this company's $25,459).
Similar Nearby Businesses Who Received PPP Funding:
Ouch! Urgent Care Of Hamilton LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 450% higher than Hamilton Chiropractic Clinic, LLC's reported 2 employees, and received an average PPP loan of $119,087, 368% higher than this company's loan of $25,459.
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