PPP Loan Data — Nichols Chiropractic, P. A, Manhattan, KS
Nichols Chiropractic, P. A is a corporation located at 2749 Pembrook Pl in Manhattan, Kansas that received a Coronavirus-related PPP loan from the SBA of $45,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central National Bank
Nichols Chiropractic, P. A in Manhattan, KS received a Paycheck Protection Loan of $45,800 through Central National Bank, 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 June, 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, Nichols Chiropractic, P. A's 2019 payroll expenses are estimated to be at least $219,840.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nichols Chiropractic, P. A reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,800
Business Information - Nichols Chiropractic, P. A in Manhattan, KS
2749 Pembrook Pl
Manhattan, KS 66502
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Manhattan
In the Manhattan area, 27 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 6) and received an average PPP loan of $28,083 (compared to this company's $45,800).
Similar Nearby Businesses Who Received PPP Funding:
TRD Chiropractic Inc
Manhattan Family Chiropractic PA
Discover Chiropractic LLC
Live Well Chiropratic And Pilates LLC
Rockhill Wellness Center LLC
Flint Hills Family Chiropractic LLC
AHC Chiropractic Group, PA
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% lower than Nichols Chiropractic, P. A's reported 6 employees, and received an average PPP loan of $30,923, 32% lower than this company's loan of $45,800.
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