PPP Loan Data — Inner Health Chiropractic, LLC, Delray Beach, FL
Inner Health Chiropractic, LLC is a limited liability company (LLC) located at 1000 Linton Blvd Ste A7 in Delray Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $24,950.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Inner Health Chiropractic, LLC in Delray Beach, FL received a Paycheck Protection Loan of $24,950 through Bank of America, 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 April, 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, Inner Health Chiropractic, LLC's 2019 payroll expenses are estimated to be at least $119,760.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Inner Health Chiropractic, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,950
Business Information - Inner Health Chiropractic, LLC in Delray Beach, FL
1000 Linton Blvd Ste A7
Delray Beach, FL 33444
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Inner Health Chiropractic, LLC's reported 3 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,950.
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Footnotes & Information
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