PPP Loan Data — Natural Health Of Butler Inc, Evans City, PA
Natural Health Of Butler Inc
Location: Evans City, PATweet This • Search All PPP Data
Natural Health Of Butler Inc is a corporation located at 1104 S Washington St in Evans City, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Natural Health Of Butler Inc in Evans City, PA received a Paycheck Protection Loan of $25,000 through The Huntington National Bank, which was approved in April, 2020.
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, Natural Health Of Butler Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Natural Health Of Butler Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Natural Health Of Butler Inc in Evans City, PA
1104 S Washington St
Evans City, PA 16033
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Evans City
In the Evans City area, 2 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $64,950 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Evans City, PA
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 25% higher than Natural Health Of Butler Inc's reported 4 employees, and received an average PPP loan of $38,577, 54% higher than this company's loan of $25,000.
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