PPP Loan Data — Smoky Valley Chiropractic, PA, Lindsborg, KS
Smoky Valley Chiropractic, PA
Entity: Professional Association
Location: Lindsborg, KSTweet This • Search All PPP Data
Smoky Valley Chiropractic, PA is a professional association located at 121 West Lincoln Street in Lindsborg, Kansas that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Peoples Bank and Trust Company
Smoky Valley Chiropractic, PA in Lindsborg, KS received a Paycheck Protection Loan of $25,100 through Peoples Bank and Trust Company, which was approved in April, 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 March, 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, Smoky Valley Chiropractic, PA's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Smoky Valley Chiropractic, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,100
- Utilities: $2,000
- Rent: $1,000
- Debt Interest: $2,000
Business Information - Smoky Valley Chiropractic, PA in Lindsborg, KS
121 West Lincoln Street
Lindsborg, KS 67456
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Lindsborg
In the Lindsborg area, 2 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $22,950 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Banning Family Chiropractic, LLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 267% higher than Smoky Valley Chiropractic, PA's reported 3 employees, and received an average PPP loan of $119,087, 374% higher than this company's loan of $25,100.
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Footnotes & Information
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