PPP Loan Data — Hartsburg Chiropractic Health Center, Danbury, CT
Hartsburg Chiropractic Health Center is a corporation located at 40 Lake Avenue Ext. in Danbury, Connecticut that received a Coronavirus-related PPP loan from the SBA of $46,722.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Hartsburg Chiropractic Health Center in Danbury, CT received a Paycheck Protection Loan of $46,722 through Wells Fargo Bank, National Association, which was approved in May, 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 June, 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, Hartsburg Chiropractic Health Center's 2019 payroll expenses are estimated to be at least $224,266.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,067 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hartsburg Chiropractic Health Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,722
Business Information - Hartsburg Chiropractic Health Center in Danbury, CT
40 Lake Avenue Ext.
Danbury, CT 6811
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Danbury
In the Danbury area, 13 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $41,076 (compared to this company's $46,722).
Similar Nearby Businesses Who Received PPP Funding:
Danbury Chiropractic And Wellness Corp
Sandpit Chiropractic Center
Evolution Chiropractic LLC
Connecticut Family Chiropractic, Corporation
New Fairfield Chiropractic Center
New Fairfield, CT
Altamirano Chiropractic Center LLC
Hartsburg Chiropractic Health Center Ll
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 Hartsburg Chiropractic Health Center and received an average PPP loan of $30,923, 34% lower than this company's loan of $46,722.
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Footnotes & Information
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