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PPP Loan Data — Integrated Injury Specialists, Placentia, CA

SBA PPP loan data, payroll data, and salaries for Integrated Injury Specialists
CA

Integrated Injury Specialists

Entity: Limited Liability Company (LLC)

Industry: Offices of Chiropractors

Location: Placentia, CA

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Integrated Injury Specialists is a limited liability company (LLC) located at 1041 E Yorba Linda Blvd Ste 210 in Placentia, California that received a Coronavirus-related PPP loan from the SBA of $46,762.00 in May, 2020.

The company has reported itself as an Asian female owned business, and employed at least eleven people during the applicable loan loan period.

$ PPP Loan Information
Loan #5010747708

Loan Size:

$46,762

Jobs Retained:

11

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Integrated Injury Specialists in Placentia, CA received a Paycheck Protection Loan of $46,762 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Integrated Injury Specialists' 2019 payroll expenses are estimated to be at least $224,458.

Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,405 per employee1

Reported PPP Proceed Usage:

On the PPP application, Integrated Injury Specialists reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,762

Business Information - Integrated Injury Specialists in Placentia, CA

Integrated Injury Specialists
1041 E Yorba Linda Blvd Ste 210
Placentia, CA 92870

Business Industry:
Offices of Chiropractors
NAICS code 621310

Business Owner Demographics

Race: Asian

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-39

Similar Companies near Placentia

In the Placentia area, 13 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 11) and received an average PPP loan of $27,465 (compared to this company's $46,762).

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, 64% lower than Integrated Injury Specialists' reported 11 employees, and received an average PPP loan of $30,923, 34% lower than this company's loan of $46,762.

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.

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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.


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Source: www.federalpay.org/paycheck-protection-program/integrated-injury-specialists-placentia-ca