PPP Loan Data — The Chiropractor, Whitefish, MT
The Chiropractor is a corporation located at 124 Central Ave., Ste. 170 in Whitefish, Montana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a 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
The Chiropractor in Whitefish, MT received a Paycheck Protection Loan of $25,000 through American 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 February, 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, The Chiropractor's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Chiropractor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - The Chiropractor in Whitefish, MT
124 Central Ave., Ste. 170
Whitefish, MT 59937
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Whitefish
In the Whitefish area, 9 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $23,126 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Flip Spinal Care PC
Pleasants Chiropractic PC
Big Mountain Chiropractic
Whitefish Chiropractic Center, PC
Glacier Continental Corporation
Compass Chiropractic, LLC
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, 33% higher than The Chiropractor's reported 3 employees, and received an average PPP loan of $30,923, 24% higher than this company's loan of $25,000.
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Footnotes & Information
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