PPP Loan Data — Zellweger Family Chiropractic, Bluffton, SC
Zellweger Family Chiropractic is a corporation located at 1 Mallett Way Suite 102, in Bluffton, South Carolina that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Zellweger Family Chiropractic in Bluffton, SC received a Paycheck Protection Loan of $24,900 through Regions 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, Zellweger Family Chiropractic's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Zellweger Family Chiropractic reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Zellweger Family Chiropractic in Bluffton, SC
1 Mallett Way Suite 102,
Bluffton, SC 29910
Offices of Chiropractors
NAICS code 621310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bluffton
In the Bluffton area, 10 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $34,458 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Martin Chiropractic PA Inc
Bluffton Family Chiropractic PA
Health Performance Systems LLC
Atlantic Chiropractic LLC
Off-Island Chiropractic, PC
Martin Chiropractic PA Lnc
Palmetto Chiropractic & Sports Health Center
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, 20% lower than Zellweger Family Chiropractic's reported 5 employees, 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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