PPP Loan Data — Spine & Sport Chiropractic Center, PC, Dubuque, IA
Spine & Sport Chiropractic Center, PC
Entity: Subchapter S Corporation
Location: Dubuque, IATweet This • Search All PPP Data
Spine & Sport Chiropractic Center, PC is a subchapter s corporation located at 4840 Asbury Road Suite 102 in Dubuque, Iowa that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Spine & Sport Chiropractic Center, PC in Dubuque, IA received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in July, 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, Spine & Sport Chiropractic Center, PC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Spine & Sport Chiropractic Center, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Spine & Sport Chiropractic Center, PC in Dubuque, IA
4840 Asbury Road Suite 102
Dubuque, IA 52002
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dubuque
In the Dubuque area, 27 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $115,455 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Dubuque Orthopaedic Surgeons PC
Epic Health And Wellness PC
Dubuque Obstetrics And Gynecology
Dubuque Anesthesia Services PC
Pathology Associates PC
Peckosh Pediatric Dentistry PC
Next Generation Anesthesia, PC
Lettman Family Chiropractic Rehab Care
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, 175% higher than Spine & Sport Chiropractic Center, PC's reported 4 employees, and received an average PPP loan of $119,087, 376% higher than this company's loan of $25,000.
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