PPP Loan Data — Key West Chiropractic Health Center, Dubuque, IA
Key West Chiropractic Health Center is a corporation located at 2254 Flint Hill Dr in Dubuque, Iowa that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Dupaco Community CU
Key West Chiropractic Health Center in Dubuque, IA received a Paycheck Protection Loan of $25,500 through Dupaco Community 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 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, Key West Chiropractic Health Center's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Key West Chiropractic Health Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,125
- Utilities: $1,594
- Mortgage Interest: $1,594
- Rent: $1,594
- Debt Interest: $1,594
Business Information - Key West Chiropractic Health Center in Dubuque, IA
2254 Flint Hill Dr
Dubuque, IA 52003
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dubuque
In the Dubuque area, 27 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $18,284 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Kobusch Chiropractic Inc
True Health Chiropractic And Acupuncture PC
Life Chiropractic, PC
Abigail Tebbe DC., PC
Stephen J. Dalsing, DC., PC
Ideal Chiropractic Health Center
Vaassen Chiropractic & Acupuncture Plc
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, 33% higher than Key West Chiropractic Health Center's reported 3 employees, and received an average PPP loan of $30,923, 21% higher than this company's loan of $25,500.
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