PPP Loan Data — Truong Chiropractic Professional Corporation, Alhambra, CA
Truong Chiropractic Professional Corporation is a corporation located at 629 S Fremont Ave in Alhambra, California that received a Coronavirus-related PPP loan from the SBA of $25,095.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Truong Chiropractic Professional Corporation in Alhambra, CA received a Paycheck Protection Loan of $25,095 through Cathay 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 April, 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, Truong Chiropractic Professional Corporation's 2019 payroll expenses are estimated to be at least $120,456.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,228 per employee1
Reported PPP Proceed Usage:
On the PPP application, Truong Chiropractic Professional Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,095
Business Information - Truong Chiropractic Professional Corporation in Alhambra, CA
629 S Fremont Ave
Alhambra, CA 91803
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: Urban
Similar Companies near Alhambra
In the Alhambra area, 8 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 2) and received an average PPP loan of $23,299 (compared to this company's $25,095).
Similar Nearby Businesses Who Received PPP Funding:
Baotran Nguyen Chiropractic Corporation
Truong Chiropractic Professional Corp
Sherman Lu Chiropractic Clinic
Chiu Chiropractic Center Inc
P. Q Medical Group 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, 100% higher than Truong Chiropractic Professional Corporation's reported 2 employees, and received an average PPP loan of $30,923, 23% higher than this company's loan of $25,095.
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