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PPP Loan Data — Midwest Physical Therapy Services, Omaha, NE

SBA PPP loan data, payroll data, and salaries for Midwest Physical Therapy Services
NE

Midwest Physical Therapy Services

Entity: Subchapter S Corporation

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

Location: Omaha, NE

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Midwest Physical Therapy Services is a subchapter s corporation located at 11640 Arbor St in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $35,879.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$35,879

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-07

Lender:

FIRST NATIONAL BANK OF OMAHA

Midwest Physical Therapy Services received a Paycheck Protection Loan of $35,879 through FIRST NATIONAL BANK OF OMAHA, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Midwest Physical Therapy Services' total 2019 payroll expenses were approximately $172,219 in order to qualify for the PPP loan amount received.

Unlike most businesses, Midwest Physical Therapy Services' PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Midwest Physical Therapy Services in Omaha, NE

Midwest Physical Therapy Services
11640 Arbor St
Omaha, NE 68144

Business Industry

Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS code 621340)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NE-02

Similar Companies near Omaha

In the Omaha area, 7 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 0) and received an average PPP loan of $1,139,896 (compared to this company's $35,879).

Industry PPP Comparison Statistics

Nationwide, 21,136 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $1,682,147,868.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, and received an average PPP loan of $79,587, 122% higher than this company's loan of $35,879.

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. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/midwest-physical-therapy-services-omaha-ne