PPP Loan Data — Restoration Health Center, Inc, Fresno, CA
Restoration Health Center, Inc is a corporation located at 7011 N Howard St in Fresno, California that received a Coronavirus-related PPP loan from the SBA of $46,638.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Idaho First Bank
Restoration Health Center, Inc in Fresno, CA received a Paycheck Protection Loan of $46,638 through Idaho First Bank, 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, Restoration Health Center, Inc's 2019 payroll expenses are estimated to be at least $223,862.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,655 per employee1
Reported PPP Proceed Usage:
On the PPP application, Restoration Health Center, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,638
Business Information - Restoration Health Center, Inc in Fresno, CA
7011 N Howard St
Fresno, CA 93720
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 11 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 12) and received an average PPP loan of $37,636 (compared to this company's $46,638).
Similar Nearby Businesses Who Received PPP Funding:
Torrey Schroeder Chiropractic
Clark Chiropractic Inc
Mystique Medical Spa And Wellness Center Of Fresno Inc
Dynamic Integrative Health PC
Aaron Draper DBA Aaron P Draper DC
Swarthout Chiropractic Inc
Matthew Sciaroni DPM Inc
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, 67% lower than Restoration Health Center, Inc's reported 12 employees, and received an average PPP loan of $30,923, 34% lower than this company's loan of $46,638.
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