PPP Loan Data — Kathleen E Hanifen DVM PC, Salem, OR
Kathleen E Hanifen DVM PC is a subchapter s corporation located at 2530 19th St Se in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,238.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Marion & Polk Schools CU
Kathleen E Hanifen DVM PC in Salem, OR received a Paycheck Protection Loan of $46,238 through Marion & Polk Schools CU, 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 May, 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, Kathleen E Hanifen DVM PC's 2019 payroll expenses are estimated to be at least $221,942.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,743 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kathleen E Hanifen DVM PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,238
Business Information - Kathleen E Hanifen DVM PC in Salem, OR
2530 19th St Se
Salem, OR 97302
NAICS code 541940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 9 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 8) and received an average PPP loan of $45,311 (compared to this company's $46,238).
Similar Nearby Businesses Who Received PPP Funding:
Creekside Veterinary LLC
Animal Sounds NW LLC
Whole Pet Veterinary Care LLC
Four Corners Animal Hospital, PC
Orchard View Veterinary Center, PC
Industry PPP Comparison Statistics
Nationwide, 21,908 businesses in the "Veterinary Services" industry received a total of $2.01B 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 12 employees, 50% higher than Kathleen E Hanifen DVM PC's reported 8 employees, and received an average PPP loan of $91,913, 99% higher than this company's loan of $46,238.
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Footnotes & Information
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