PPP Loan Data — Healistic LLC, Lafayette, IN
Healistic LLC is a limited liability company (LLC) located at 2122 Veterans Memorial Pkwy S in Lafayette, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,022.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Active Un-Disbursed
Lender:Tri-County Bank & Trust Company
Healistic LLC in Lafayette, IN received a Paycheck Protection Loan of $25,022 through Tri-County Bank & Trust Company, which was approved in January, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $25,022 in approved PPP funding has not been disbursed. 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, Healistic LLC's 2019 payroll expenses are estimated to be at least $120,106.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,027 per employee1
Reported PPP Proceed Usage:
On the PPP application, Healistic LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,020
- Utilities: $1
Business Information - Healistic LLC in Lafayette, IN
2122 Veterans Memorial Pkwy S
Lafayette, IN 47909
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 Lafayette
In the Lafayette area, 2 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 $15,119 (compared to this company's $25,022).
Similar Nearby Businesses Who Received PPP Funding:
Lueken Chiropractic And Wellness Group
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 Healistic LLC and received an average PPP loan of $30,923, 24% higher than this company's loan of $25,022.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
Have FederalPay.org's open data tools been valuable? Consider donating!