PPP Loan Data — Children's Therapy Services, Inc, Fayetteville, AR
Children's Therapy Services, Inc
Location: Fayetteville, ARTweet This • Search All PPP Data
Children's Therapy Services, Inc is a corporation located at 2474 E Joyce Blvd in Fayetteville, Arkansas that received a Coronavirus-related PPP loan from the SBA of $1,688,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Children's Therapy Services, Inc in Fayetteville, AR received a Paycheck Protection Loan of $1.69M through Arvest 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
Understanding Payroll Estimates Based On PPP Amount
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, Children's Therapy Services, Inc's 2019 payroll expenses are estimated to be at least $8.1M.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $46,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Children's Therapy Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,688,200
Business Information - Children's Therapy Services, Inc in Fayetteville, AR
2474 E Joyce Blvd
Fayetteville, AR 72703
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fayetteville
In the Fayetteville area, 31 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 173) and received an average PPP loan of $79,976 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
Eaves-Taylor Therapy, Inc
Kayla Keith Therapy Inc
Lynn M Center, Inc
Star Pediatric Therapy LLC
Raley Speech Pathology PLLC
Edenside Therapy, LLC
Elizabeth Bainbridge LLC
Industry PPP Comparison Statistics
Nationwide, 39,529 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, 95% lower than Children's Therapy Services, Inc's reported 173 employees, and received an average PPP loan of $69,079, 96% lower than this company's loan of $1.69M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!