PPP Loan Data — Swenson Precision Chiropractic, Danville, CA
Swenson Precision Chiropractic is a corporation located at 400 El Cerro Blvd Ste 206 in Danville, California that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Republic Bank
Swenson Precision Chiropractic in Danville, CA received a Paycheck Protection Loan of $24,900 through First Republic Bank, 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, Swenson Precision Chiropractic's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Swenson Precision Chiropractic reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Swenson Precision Chiropractic in Danville, CA
400 El Cerro Blvd Ste 206
Danville, CA 94526
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
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 Danville
In the Danville area, 14 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $21,349 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Hall Family Chiropractic
Rafael J Zamora II
Align Healing Center Maimone Chiropractic Inc
Khodabakhsh Chiropractic 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, the same amount reported by Swenson Precision Chiropractic and received an average PPP loan of $30,923, 24% higher than this company's loan of $24,900.
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Footnotes & Information
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