PPP Loan Data — Malbis Chiropractic LLC, Spanish Fort, AL
Malbis Chiropractic LLC is a corporation located at 10179 Eastern Shore Dr Ste 102 in Spanish Fort, Alabama that received a Coronavirus-related PPP loan from the SBA of $24,815.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Malbis Chiropractic LLC in Spanish Fort, AL received a Paycheck Protection Loan of $24,815 through Synovus Bank, which was approved 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, Malbis Chiropractic LLC's 2019 payroll expenses are estimated to be at least $119,112.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,822 per employee1
Reported PPP Proceed Usage:
On the PPP application, Malbis Chiropractic LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,811
- Utilities: $1
Business Information - Malbis Chiropractic LLC in Spanish Fort, AL
10179 Eastern Shore Dr Ste 102
Spanish Fort, AL 36527
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Spanish Fort
In the Spanish Fort area, 11 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 5) and received an average PPP loan of $23,560 (compared to this company's $24,815).
Similar Nearby Businesses Who Received PPP Funding:
Daphne Chiropractic Center LLC
Back In Motion Chiropractic & Acupuncture
Wellness One, LLC
Bayside Chiropractic, LLC
DR. Grant K. Smith DC. Chiropractic Center LLC
Coastal Chiropractic LLC
Malbis Chiropractic, LLC
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, 20% lower than Malbis Chiropractic LLC's reported 5 employees, and received an average PPP loan of $30,923, 25% higher than this company's loan of $24,815.
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Footnotes & Information
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