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PPP Loan Data — Robinson Chiropractic Clinic PC, Molalla, OR

SBA PPP loan data, payroll data, and salaries for Robinson Chiropractic Clinic PC
OR

Robinson Chiropractic Clinic PC

Entity: Subchapter S Corporation

Industry: Offices of Chiropractors

Location: Molalla, OR

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Robinson Chiropractic Clinic PC is a subchapter s corporation located at Po Box 270, 317 N Molalla Ave , in Molalla, Oregon that received a Coronavirus-related PPP loan from the SBA of $46,490.00 in May, 2020.

$ PPP Loan Information
Loan #8486427400

Loan Size:

$46,490

Jobs Retained:

9

Loan Approved:

2020-05-18

Loan Status:

Paid in Full or Forgiven

Lender:

Itria Ventures LLC

Robinson Chiropractic Clinic PC in Molalla, OR received a Paycheck Protection Loan of $46,490 through Itria Ventures LLC, which was approved in May, 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 February, 2021.

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, Robinson Chiropractic Clinic PC's 2019 payroll expenses are estimated to be at least $223,152.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,795 per employee1

Reported PPP Proceed Usage:

On the PPP application, Robinson Chiropractic Clinic PC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $46,490

Business Information - Robinson Chiropractic Clinic PC in Molalla, OR

Robinson Chiropractic Clinic PC
Po Box 270, 317 N Molalla Ave ,
Molalla, OR 97038

Business Industry:
Offices of Chiropractors
NAICS code 621310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Clackamas County, OR — SBA Office 1086 — Congressional District: OR-05

Similar Companies near Molalla

In the Molalla area, 2 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 9) and received an average PPP loan of $25,094 (compared to this company's $46,490).

Similar Nearby Businesses Who Received PPP Funding:

Inkrote Chiropractic Clinic, PC
Molalla, OR

$3,697 PPP Loan

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 Robinson Chiropractic Clinic PC's reported 9 employees, and received an average PPP loan of $30,923, 33% lower than this company's loan of $46,490.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/robinson-chiropractic-clinic-pc-molalla-or