PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Reinforce Health & Wellness PC, Roselle, IL

ALERT: There are 2 PPP loans for a total of $50,830 in our database for businesses with the name "Reinforce Health & Wellness PC" in Roselle, IL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Reinforce Health & Wellness PC
IL

Reinforce Health & Wellness PC

Entity: Subchapter S Corporation

Industry: Offices of Chiropractors

Location: Roselle, IL

Search All PPP Data

Reinforce Health & Wellness PC is a subchapter s corporation located at 636 E Irving Park Rd in Roselle, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,415.00 in March, 2021.

$ PPP Loan Information
Loan #4641628607

Loan Size:

$25,415

Jobs Retained:

2

Loan Approved:

2021-03-18

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Reinforce Health & Wellness PC in Roselle, IL received a Paycheck Protection Loan of $25,415 through JPMorgan Chase Bank, National Association, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Reinforce Health & Wellness PC's 2019 payroll expenses are estimated to be at least $121,992.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,996 per employee1

Reported PPP Proceed Usage:

On the PPP application, Reinforce Health & Wellness PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,413
  • Utilities: $1

Business Information - Reinforce Health & Wellness PC in Roselle, IL

Reinforce Health & Wellness PC
636 E Irving Park Rd
Roselle, IL 60172

Business Industry:
Offices of Chiropractors
NAICS code 621310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dupage County, IL — SBA Office 0507 — Congressional District: IL-08

Similar Companies near Roselle

In the Roselle area, 19 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 2) and received an average PPP loan of $21,424 (compared to this company's $25,415).

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, 100% higher than Reinforce Health & Wellness PC's reported 2 employees, and received an average PPP loan of $30,923, 22% higher than this company's loan of $25,415.

SBA PPP loan data, payroll data, and salaries for Reinforce Health & Wellness PC
IL

Reinforce Health & Wellness PC

Entity: Subchapter S Corporation

Industry: Blood and Organ Banks

Location: Roselle, IL

Search All PPP Data

Reinforce Health & Wellness PC is a subchapter s corporation located at 636 E Irving Park Rd in Roselle, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,415.00 in May, 2020.

$ PPP Loan Information
Loan #2449517701

Loan Size:

$25,415

Jobs Retained:

20

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Reinforce Health & Wellness PC in Roselle, IL received a Paycheck Protection Loan of $25,415 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Reinforce Health & Wellness PC's 2019 payroll expenses are estimated to be at least $121,992.

Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $6,100 per employee1

Reported PPP Proceed Usage:

On the PPP application, Reinforce Health & Wellness PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,332
  • Utilities: $784
  • Rent: $3,082
  • Health Care: $1,217

Business Information - Reinforce Health & Wellness PC in Roselle, IL

Reinforce Health & Wellness PC
636 E Irving Park Rd
Roselle, IL 60172

Business Industry:
Blood and Organ Banks
NAICS code 621991

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dupage County, IL — SBA Office 0507 — Congressional District: IL-08

Similar Companies near Roselle

In the Roselle area, 2 businesses in the "Blood and Organ Banks" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 20) and received an average PPP loan of $23,124 (compared to this company's $25,415).

Similar Nearby Businesses Who Received PPP Funding:

The Healing Touch Medical Care SC
Schaumburg, IL

$20,832 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 728 businesses in the "Blood and Organ Banks" industry received a total of $231.67M 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 32 employees, 60% higher than Reinforce Health & Wellness PC's reported 20 employees, and received an average PPP loan of $318,234, 1152% higher than this company's loan of $25,415.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/reinforce-health-wellness-pc-roselle-il