PPP Loan Data — Security Chiropractic LLC, Gwynn Oak, MD
Security Chiropractic LLC is a limited liability company (LLC) located in Gwynn Oak, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,187.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Capital Bank, National Association
Security Chiropractic LLC in Gwynn Oak, MD received a Paycheck Protection Loan of $25,187 through Capital Bank, National Association, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Security Chiropractic LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,187
Business Information - Security Chiropractic LLC in Gwynn Oak, MD
Gwynn Oak, MD
* Full address is redacted to protect the privacy of individuals.
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Gwynn Oak
In the Gwynn Oak area, 17 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 1) and received an average PPP loan of $40,557 (compared to this company's $25,187).
Similar Nearby Businesses Who Received PPP Funding:
Sean A Samuels DC
Security Chiropractic, LLC
Queen City Chiropractic PC
DRS Stein & Lerman PA
Slade Healthcare Inc
Fidel Integrated Medical Solutions PC
Slade Healthcare 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, 300% higher than Security Chiropractic LLC's reported 1 employees, and received an average PPP loan of $30,923, 23% higher than this company's loan of $25,187.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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