PPP Loan Data — NW Family Chiropractic, PC, Salem, OR
NW Family Chiropractic, PC is a subchapter s corporation located at 1797 Lansing Ave Ne in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $45,852.00 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:Paid in Full or Forgiven
Lender:KeyBank National Association
NW Family Chiropractic, PC in Salem, OR received a Paycheck Protection Loan of $45,852 through KeyBank National Association, 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, NW Family Chiropractic, PC's 2019 payroll expenses are estimated to be at least $220,090.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,018 per employee1
Reported PPP Proceed Usage:
On the PPP application, NW Family Chiropractic, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,852
Business Information - NW Family Chiropractic, PC in Salem, OR
1797 Lansing Ave Ne
Salem, OR 97301
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Salem
In the Salem area, 36 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $43,499 (compared to this company's $45,852).
Similar Nearby Businesses Who Received PPP Funding:
C. Mcdonough Chiropractic LLC
KFC Management Corporation
John R Lawton
Daniel O. Cook, DC., PC
Renquist Chiropractic And Acupuncture PC
Jordan E. Sajovic, PC
Brent S. Seifert, DC
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 NW Family Chiropractic, PC's reported 5 employees, and received an average PPP loan of $30,923, 33% lower than this company's loan of $45,852.
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Footnotes & Information
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