PPP Loan Data — I Can PT LLC, Meridian, ID
I Can PT LLC
Entity: Limited Liability Company (LLC)
Location: Meridian, IDTweet This • Search All PPP Data
I Can PT LLC is a limited liability company (LLC) located at 1626 S Wells Ave Ste 105 in Meridian, Idaho that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Washington Trust Bank
I Can PT LLC in Meridian, ID received a Paycheck Protection Loan of $46,500 through Washington Trust Bank, which was approved in April, 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 January, 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, I Can PT LLC's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, I Can PT LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - I Can PT LLC in Meridian, ID
1626 S Wells Ave Ste 105
Meridian, ID 83642
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Meridian
In the Meridian area, 13 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 5) and received an average PPP loan of $33,048 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Alderson Audiology LLC
Idaho Pediatric Therapy Clinic, LLC
Dino And Carrie Services
Idaho Spine And Sports Physical Therapy
Kinetic Balance LLC
Precision Performance And Therapy PLLC
K Lutterloh Physical Therapy Inc
Rebekah R Mecham
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, 60% higher than I Can PT LLC's reported 5 employees, and received an average PPP loan of $69,079, 49% higher than this company's loan of $46,500.
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