PPP Loan Data — Third Stone Integrative Health Center, Essex, CT
Third Stone Integrative Health Center
Entity: Limited Liability Company (LLC)
Location: Essex, CTTweet This • Search All PPP Data
Third Stone Integrative Health Center is a limited liability company (LLC) located at 3 Wildwood Medical Ctr in Essex, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,414.00 in April, 2020.
The company has reported itself as a White female 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:Essex Savings Bank
Third Stone Integrative Health Center in Essex, CT received a Paycheck Protection Loan of $25,414 through Essex Savings 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 January, 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, Third Stone Integrative Health Center's 2019 payroll expenses are estimated to be at least $121,987.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,662 per employee1
Reported PPP Proceed Usage:
On the PPP application, Third Stone Integrative Health Center reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,950
- Utilities: $1,714
- Rent: $1,750
Business Information - Third Stone Integrative Health Center in Essex, CT
3 Wildwood Medical Ctr
Essex, CT 6426
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Essex
In the Essex area, 4 businesses in the "Offices of All Other Miscellaneous Health Practitioners" 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 $30,715 (compared to this company's $25,414).
Similar Nearby Businesses Who Received PPP Funding:
Thomas O'connor, MD LLC
Mobility Works LLC
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 67% higher than Third Stone Integrative Health Center's reported 3 employees, and received an average PPP loan of $38,577, 52% higher than this company's loan of $25,414.
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