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PPP Loan Data — Centerline Physical Therapy Inc,
North Miami, FL
Centerline Physical Therapy Inc
Entity: Corporation
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: North Miami, FL
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Centerline Physical Therapy Inc is a corporation located at 2146 Ne 123rd St in North Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $149,000.00 in April, 2021.
The company has reported itself as a White male owned business, and employed at least eighteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #5799908700
Loan Size:
Jobs Retained:
18Loan Approved:
2021-04-03Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationCenterline Physical Therapy Inc in North Miami, FL received a Paycheck Protection Loan of $149,000 through Bank of America, National Association, which was approved in April, 2021.
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 October, 2021.
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 MoreUnderstanding 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 MoreBased 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, Centerline Physical Therapy Inc's 2019 payroll expenses are estimated to be at least $715,200.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $39,733 per employee1
Reported PPP Proceed Usage:
On the PPP application, Centerline Physical Therapy Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $148,998
- Utilities: $1
Business Information - Centerline Physical Therapy Inc in North Miami, FL
2146 Ne 123rd St
North Miami, FL 33181
Business Industry:
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
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
Similar Companies near North Miami
In the North Miami area, 48 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 18) and received an average PPP loan of $28,128 (compared to this company's $149,000).
Similar Nearby Businesses Who Received PPP Funding:
Allcare Physical Therapy LLC
Aventura, FL
NBA Speech Corp
Miami, FL
Amy Baez
North Miami Beach, FL
Romina Navarrete
Aventura, FL
Charis Optical, LLC
North Miami, FL
Jennifer Ayala
Miami, FL
Integrated Physical Therapy
North Miami, FL
Artspiration LLC
Aventura, FL
TEM Therapy Inc
North Miami, FL
Industry PPP Comparison Statistics
Nationwide, 39,291 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $2.73B 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, 56% lower than Centerline Physical Therapy Inc's reported 18 employees, and received an average PPP loan of $69,381, 53% lower than this company's loan of $149,000.
Centerline Physical Therapy Inc
Entity: Corporation
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: North Miami, FL
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•
Search All PPP Data
Centerline Physical Therapy Inc is a corporation located at 2146 Ne 123rd Street in North Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $139,679.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least 22 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5114987704
Loan Size:
Jobs Retained:
22Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationCenterline Physical Therapy Inc in North Miami, FL received a Paycheck Protection Loan of $139,679 through Bank of America, National Association, which was approved in May, 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 April, 2021.
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 MoreUnderstanding 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 MoreBased 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, Centerline Physical Therapy Inc's 2019 payroll expenses are estimated to be at least $670,459.
Based on their reported 22 jobs retained, this equals an estimated average yearly compensation of $30,475 per employee1
Reported PPP Proceed Usage:
On the PPP application, Centerline Physical Therapy Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $139,679
Business Information - Centerline Physical Therapy Inc in North Miami, FL
2146 Ne 123rd Street
North Miami, FL 33181
Business Industry:
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near North Miami
In the North Miami area, 48 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 22) and received an average PPP loan of $28,128 (compared to this company's $139,679).
Similar Nearby Businesses Who Received PPP Funding:
Allcare Physical Therapy LLC
Aventura, FL
NBA Speech Corp
Miami, FL
Amy Baez
North Miami Beach, FL
Romina Navarrete
Aventura, FL
Charis Optical, LLC
North Miami, FL
Jennifer Ayala
Miami, FL
Integrated Physical Therapy
North Miami, FL
Artspiration LLC
Aventura, FL
TEM Therapy Inc
North Miami, FL
Industry PPP Comparison Statistics
Nationwide, 39,291 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $2.73B 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, 64% lower than Centerline Physical Therapy Inc's reported 22 employees, and received an average PPP loan of $69,381, 50% lower than this company's loan of $139,679.
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.
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.
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