PPP Loan Data — Orange Park Chiropractic Center PA, Orange Park, FL
Orange Park Chiropractic Center PA is a corporation located at Orange Park Chiropractic Center, Pa 784 Blanding Blvd Ste 106 in Orange Park, Florida that received a Coronavirus-related PPP loan from the SBA of $25,042.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Orange Park Chiropractic Center PA in Orange Park, FL received a Paycheck Protection Loan of $25,042 through Congressional 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 May, 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, Orange Park Chiropractic Center PA's 2019 payroll expenses are estimated to be at least $120,202.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,356 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orange Park Chiropractic Center PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,042
Business Information - Orange Park Chiropractic Center PA in Orange Park, FL
Orange Park Chiropractic Center, Pa 784 Blanding Blvd Ste 106
Orange Park, FL 32065
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: Urban
Similar Companies near Orange Park
In the Orange Park area, 6 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 9) and received an average PPP loan of $32,157 (compared to this company's $25,042).
Similar Nearby Businesses Who Received PPP Funding:
John Workman DC PLLC
Live Oak, FL
North Florida Chiropractic Center, Inc
Live Oak, FL
Ortega Chiropractic Corp
Orange Park, FL
Moore Chiropractic Center Inc
Orange Park, FL
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, 56% lower than Orange Park Chiropractic Center PA's reported 9 employees, and received an average PPP loan of $30,923, 23% higher than this company's loan of $25,042.
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Footnotes & Information
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