PPP Loan Data — Adapt, Roseburg, OR
Entity: Non-profit Organization
Location: Roseburg, ORTweet This • Search All PPP Data
Adapt is a non-profit organization located at 621 W. Madrone Street in Roseburg, Oregon that received a Coronavirus-related PPP loan from the SBA of $4,448,400.00 in April, 2020.
$ PPP Loan Information
Adapt in Roseburg, OR received a Paycheck Protection Loan of $4.45M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adapt's total 2019 payroll expenses were approximately $21.35M in order to qualify for the PPP loan amount received.
Based on their reported 355 jobs retained, this equals an estimated average yearly compensation of $60,147 per employee1.
Business Information - Adapt in Roseburg, OR
621 W. Madrone Street
Roseburg, OR 97470
Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS code 621340)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-04
Similar Companies near Roseburg
In the Roseburg area, 4 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 355) and received an average PPP loan of $1,167,311 (compared to this company's $4.45M).
Similar Nearby Businesses Who Received PPP Funding:
Therapeutic Services LLC
Northwest Physical Therapy, Inc.
Industry PPP Comparison Statistics
Nationwide, 21,136 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $1,682,147,868.00 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 8 employees, 98% lower than Adapt's reported 355 employees, and received an average PPP loan of $79,587, 98% lower than this company's loan of $4.45M.
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, and is published unmodified, as provided by the SBA.
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.
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