PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Access Therapies, Inc., Indianapolis, IN

SBA PPP loan data, payroll data, and salaries for Access Therapies, Inc.
IN

Access Therapies, Inc.

Entity: Subchapter S Corporation

Industry: Professional Employer Organizations

Location: Indianapolis, IN

Search All PPP Data

Access Therapies, Inc. is a subchapter s corporation located at 7345 Woodland Drive Suite B in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,302,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.3M

Jobs Retained:

201

Loan Approved:

2020-04-10

Lender:

BMO HARRIS BANK NATIONAL ASSOCIATION

Access Therapies, Inc. received a Paycheck Protection Loan of $3.3M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Access Therapies, Inc.'s total 2019 payroll expenses were approximately $15.85M in order to qualify for the PPP loan amount received.

Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $78,859 per employee1.

Because the loan received by Access Therapies, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Access Therapies, Inc. in Indianapolis, IN

Access Therapies, Inc.
7345 Woodland Drive Suite B
Indianapolis, IN 46278

Business Industry

Professional Employer Organizations (NAICS code 561330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-05

Similar Companies near Indianapolis

In the Indianapolis area, 2 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 201) and received an average PPP loan of $1,720,200 (compared to this company's $3.3M).

Similar Nearby Businesses Who Received PPP Funding:

CRC Tellers, LLC
Indianapolis, IN

$138,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,298 businesses in the "Professional Employer Organizations" industry received a total of $544,321,819.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, 81% lower than Access Therapies, Inc.'s reported 201 employees, and received an average PPP loan of $419,354, 87% lower than this company's loan of $3.3M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/access-therapies-inc-indianapolis-in