PPP Loan Data — Robinson Chiropractic Clinic PC, Molalla, OR
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 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
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, 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
Po Box 270, 317 N Molalla Ave ,
Molalla, OR 97038
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
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
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!