PPP Loan Data — Spencer Town & Country Veterinary Clinic, Inc, Spencer, IN
Spencer Town & Country Veterinary Clinic, Inc is a corporation located at 29 Bob Babbs Dr in Spencer, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Spencer Town & Country Veterinary Clinic, Inc in Spencer, IN received a Paycheck Protection Loan of $25,000 through Regions 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, Spencer Town & Country Veterinary Clinic, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spencer Town & Country Veterinary Clinic, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Spencer Town & Country Veterinary Clinic, Inc in Spencer, IN
29 Bob Babbs Dr
Spencer, IN 47460
NAICS code 541940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Spencer
In the Spencer area, 2 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 12) and received an average PPP loan of $32,593 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Ridgeline Equine Veterinary Services, Incorporated
Industry PPP Comparison Statistics
Nationwide, 21,908 businesses in the "Veterinary Services" industry received a total of $2.01B 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 12 employees, the same amount reported by Spencer Town & Country Veterinary Clinic, Inc and received an average PPP loan of $91,913, 268% higher than this company's loan of $25,000.
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Footnotes & Information
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