PPP Loan Data — North Shore Pediatric Therapy, Inc, Des Plaines, IL
North Shore Pediatric Therapy, Inc
Location: Des Plaines, ILTweet This • Search All PPP Data
North Shore Pediatric Therapy, Inc is a corporation located at 950 Lee St, Ste 105 in Des Plaines, Illinois that received a Coronavirus-related PPP loan from the SBA of $1,659,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:American Community Bank & Trust
North Shore Pediatric Therapy, Inc in Des Plaines, IL received a Paycheck Protection Loan of $1.66M through American Community Bank & Trust, 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, North Shore Pediatric Therapy, Inc's 2019 payroll expenses are estimated to be at least $7.97M.
Based on their reported 178 jobs retained, this equals an estimated average yearly compensation of $44,756 per employee1
Reported PPP Proceed Usage:
On the PPP application, North Shore Pediatric Therapy, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,659,700
Business Information - North Shore Pediatric Therapy, Inc in Des Plaines, IL
950 Lee St, Ste 105
Des Plaines, IL 60016
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 Des Plaines
In the Des Plaines area, 22 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 178) and received an average PPP loan of $95,915 (compared to this company's $1.66M).
Similar Nearby Businesses Who Received PPP Funding:
Audiology Associates Of Deerfield, PC
Still Water Physical Therapy And Massage Limited
Des Plaines, IL
Julie Kahn Slp, Inc
Optimum Health And Rehabilitation Inc
Des Plaines, IL
Just Be Fit, Inc
Absolute Motion Inc
Des Plaines, IL
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, 96% lower than North Shore Pediatric Therapy, Inc's reported 178 employees, and received an average PPP loan of $69,079, 96% lower than this company's loan of $1.66M.
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