PPP Loan Data — Tree Of Life Acupuncture & Wellness, LLC, Frisco, TX
Tree Of Life Acupuncture & Wellness, LLC
Entity: Limited Liability Company (LLC)
Location: Frisco, TXTweet This • Search All PPP Data
Tree Of Life Acupuncture & Wellness, LLC is a limited liability company (LLC) located at 11015 Ruidosa Lane in Frisco, Texas that received a Coronavirus-related PPP loan from the SBA of $46,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Tree Of Life Acupuncture & Wellness, LLC in Frisco, TX received a Paycheck Protection Loan of $46,300 through Frost 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, Tree Of Life Acupuncture & Wellness, LLC's 2019 payroll expenses are estimated to be at least $222,240.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tree Of Life Acupuncture & Wellness, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,300
Business Information - Tree Of Life Acupuncture & Wellness, LLC in Frisco, TX
11015 Ruidosa Lane
Frisco, TX 75033
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Frisco
In the Frisco area, 30 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 6) and received an average PPP loan of $138,861 (compared to this company's $46,300).
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Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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, 100% higher than Tree Of Life Acupuncture & Wellness, LLC's reported 6 employees, and received an average PPP loan of $88,620, 91% higher than this company's loan of $46,300.
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