PPP Loan Data — Limitless Physical Therapy Of Albany LLC, Albany, OR
Limitless Physical Therapy Of Albany LLC
Entity: Limited Liability Company (LLC)
Location: Albany, ORTweet This • Search All PPP Data
Limitless Physical Therapy Of Albany LLC is a limited liability company (LLC) located at 947 Geary St Se in Albany, Oregon that received a Coronavirus-related PPP loan from the SBA of $24,917.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Limitless Physical Therapy Of Albany LLC in Albany, OR received a Paycheck Protection Loan of $24,917 through U.S. 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 December, 2020.
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, Limitless Physical Therapy Of Albany LLC's 2019 payroll expenses are estimated to be at least $119,602.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,801 per employee1
Reported PPP Proceed Usage:
On the PPP application, Limitless Physical Therapy Of Albany LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,917
Business Information - Limitless Physical Therapy Of Albany LLC in Albany, OR
947 Geary St Se
Albany, OR 97322
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Albany
In the Albany area, 4 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 2) and received an average PPP loan of $92,200 (compared to this company's $24,917).
Similar Nearby Businesses Who Received PPP Funding:
Mighty Oaks Children's Therapy Center
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, 300% higher than Limitless Physical Therapy Of Albany LLC's reported 2 employees, and received an average PPP loan of $69,079, 177% higher than this company's loan of $24,917.
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