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PPP Loan Data — Century Rehabilitation Of Texas LLC, Baton Rouge, LA

SBA PPP loan data, payroll data, and salaries for Century Rehabilitation Of Texas LLC
LA

Century Rehabilitation Of Texas LLC

Entity: Limited Liability Company (LLC)

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

Location: Baton Rouge, LA

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Century Rehabilitation Of Texas LLC is a limited liability company (LLC) located at 4703 Bluebonnet Blvd in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $6,572,052.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 483 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1008937709

Loan Size:

$6.57M

Jobs Retained:

483

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Century Rehabilitation Of Texas LLC in Baton Rouge, LA received a Paycheck Protection Loan of $6.57M through JPMorgan Chase Bank, 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 July, 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 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, Century Rehabilitation Of Texas LLC's 2019 payroll expenses are estimated to be at least $31.55M.

Based on their reported 483 jobs retained, this equals an estimated average yearly compensation of $65,312 per employee1

Reported PPP Proceed Usage:

On the PPP application, Century Rehabilitation Of Texas LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,430,976
  • Utilities: $1,250
  • Rent: $20,000
  • Health Care: $119,826
Because the loan received by Century Rehabilitation Of Texas LLC 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 - Century Rehabilitation Of Texas LLC in Baton Rouge, LA

Century Rehabilitation Of Texas LLC
4703 Bluebonnet Blvd
Baton Rouge, LA 70809

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

East Baton Rouge County, LA — SBA Office 0679 — Congressional District: LA-06

Similar Companies near Baton Rouge

In the Baton Rouge area, 33 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 483) and received an average PPP loan of $389,645 (compared to this company's $6.57M).

Industry PPP Comparison Statistics

Nationwide, 39,275 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, 98% lower than Century Rehabilitation Of Texas LLC's reported 483 employees, and received an average PPP loan of $69,394, 99% lower than this company's loan of $6.57M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/century-rehabilitation-of-texas-llc-baton-rouge-la