PPP Loan Data — Walsh Chiropractic Center, PC, Williamsburg, VA
Walsh Chiropractic Center, PC is a professional association located at 1139 Professional Dr in Williamsburg, Virginia that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Walsh Chiropractic Center, PC in Williamsburg, VA received a Paycheck Protection Loan of $24,900 through Chesapeake 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, Walsh Chiropractic Center, PC'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, Walsh Chiropractic Center, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,919
- Utilities: $981
- Rent: $4,000
Business Information - Walsh Chiropractic Center, PC in Williamsburg, VA
1139 Professional Dr
Williamsburg, VA 23185
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Williamsburg
In the Williamsburg area, 10 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 $26,049 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
The Spine Center Of Williamsburg, LLC
Dunn Chiropractic & Natural Health PLLC
Adam L Wilding DC PC
VIA Vitae Chiropractic
Kimberly A. S. Goeltom
Boon Chiropractic, PC
Integrative Medicine Center PLLC
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 Walsh Chiropractic Center, PC 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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