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

PPP Loan Data — Atlantis Physical Therapy Associates Inc, Torrance, CA

ALERT: There are 2 PPP loans for a total of $202,845 in our database for businesses with the name "Atlantis Physical Therapy Associates Inc" in Torrance, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Atlantis Physical Therapy Associates Inc

FRANCHISE

CA

Atlantis Physical Therapy Associates Inc

Entity: Corporation

Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists

Franchise: FYZICAL

Location: Torrance, CA

Search All PPP Data

Atlantis Physical Therapy Associates Inc is a corporation located at 3528 Torrance Blvd Ste 100 in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $101,000.00 in February, 2021. This business is a FYZICAL franchise.

The company has reported itself as a White male owned business, and employed at least seventeen people during the applicable loan loan period.

$ PPP Loan Information
Loan #4945778409

Loan Size:

$101,000

Jobs Retained:

17

Loan Approved:

2021-02-07

Loan Status:

Ongoing Loan

Lender:

City National Bank

Atlantis Physical Therapy Associates Inc in Torrance, CA received a Paycheck Protection Loan of $101,000 through City National Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Atlantis Physical Therapy Associates Inc's 2019 payroll expenses are estimated to be at least $484,800.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $28,518 per employee1

Reported PPP Proceed Usage:

On the PPP application, Atlantis Physical Therapy Associates Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $100,999

Business Information - Atlantis Physical Therapy Associates Inc in Torrance, CA

Atlantis Physical Therapy Associates Inc
3528 Torrance Blvd Ste 100
Torrance, CA 90503

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-33

Similar Companies near Torrance

In the Torrance area, 27 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 17) and received an average PPP loan of $83,145 (compared to this company's $101,000).

Industry PPP Comparison Statistics

Nationwide, 38,027 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $2.7B 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 8 employees, 53% lower than Atlantis Physical Therapy Associates Inc's reported 17 employees, and received an average PPP loan of $71,117, 30% lower than this company's loan of $101,000.

SBA PPP loan data, payroll data, and salaries for Atlantis Physical Therapy Associates Inc
CA

Atlantis Physical Therapy Associates Inc

Entity: Corporation

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Torrance, CA

Search All PPP Data

Atlantis Physical Therapy Associates Inc is a corporation located at 3528 Torrance Blvd., #100 in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $101,845.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least seventeen people during the applicable loan loan period.

$ PPP Loan Information
Loan #6648727205

Loan Size:

$101,845

Jobs Retained:

17

Loan Approved:

2020-04-28

Loan Status:

Ongoing Loan

Lender:

City National Bank

Atlantis Physical Therapy Associates Inc in Torrance, CA received a Paycheck Protection Loan of $101,845 through City National Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Atlantis Physical Therapy Associates Inc's 2019 payroll expenses are estimated to be at least $488,856.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $28,756 per employee1

Reported PPP Proceed Usage:

On the PPP application, Atlantis Physical Therapy Associates Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $101,845

Business Information - Atlantis Physical Therapy Associates Inc in Torrance, CA

Atlantis Physical Therapy Associates Inc
3528 Torrance Blvd., #100
Torrance, CA 90503

Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-33

Similar Companies near Torrance

In the Torrance area, 16 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 17) and received an average PPP loan of $381,111 (compared to this company's $101,845).

Industry PPP Comparison Statistics

Nationwide, 14,026 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.61B 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 64 employees, 276% higher than Atlantis Physical Therapy Associates Inc's reported 17 employees, and received an average PPP loan of $471,352, 363% higher than this company's loan of $101,845.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/atlantis-physical-therapy-associates-inc-torrance-ca