PPP Loan Data — Excel Rehab Therapy, Sandy, UT
Excel Rehab Therapy is a limited liability company (LLC) located at 10291 S 1300 E #196 in Sandy, Utah that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Excel Rehab Therapy in Sandy, UT received a Paycheck Protection Loan of $46,500 through Zions Bank, A Division of, 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
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, Excel Rehab Therapy's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Excel Rehab Therapy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Excel Rehab Therapy in Sandy, UT
10291 S 1300 E #196
Sandy, UT 84094
All Other Outpatient Care Centers
NAICS code 621498
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sandy
In the Sandy area, 3 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 10) and received an average PPP loan of $29,218 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
South Jordan, UT
South Jordan, UT
Industry PPP Comparison Statistics
Nationwide, 20,239 businesses in the "All Other Outpatient Care Centers" industry received a total of $1.82B 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 9 employees, 10% lower than Excel Rehab Therapy's reported 10 employees, and received an average PPP loan of $90,010, 94% higher than this company's loan of $46,500.
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Footnotes & Information
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