PPP Loan Data — Northeast Nebraska Chiropractic, West Point, NE
Northeast Nebraska Chiropractic is a limited liability company (LLC) located at 836 N Lincoln St in West Point, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Elkhorn Valley Bank & Trust
Northeast Nebraska Chiropractic in West Point, NE received a Paycheck Protection Loan of $25,400 through Elkhorn Valley Bank & Trust, 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, Northeast Nebraska Chiropractic's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northeast Nebraska Chiropractic reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,000
- Utilities: $400
- Rent: $3,000
Business Information - Northeast Nebraska Chiropractic in West Point, NE
836 N Lincoln St
West Point, NE 68788
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near West Point
In the West Point area, 5 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $50,280 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
DK Stover LLC
West Point, NE
Herman Chiropractic PC
Wayne Sport And Spine 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 Northeast Nebraska Chiropractic's reported 5 employees, and received an average PPP loan of $30,923, 22% higher than this company's loan of $25,400.
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Footnotes & Information
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