PPP Loan Data — Parrpt, PLLC, Austin, TX
Entity: Limited Liability Company (LLC)
Location: Austin, TXTweet This • Search All PPP Data
Parrpt, PLLC is a limited liability company (LLC) located at 7401 Old Bee Caves Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $25,153.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Parrpt, PLLC in Austin, TX received a Paycheck Protection Loan of $25,153 through Truist Bank d/b/a Branch Banking & Trust Co, 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 February, 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, Parrpt, PLLC's 2019 payroll expenses are estimated to be at least $120,734.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,367 per employee1
Reported PPP Proceed Usage:
On the PPP application, Parrpt, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,153
Business Information - Parrpt, PLLC in Austin, TX
7401 Old Bee Caves Rd
Austin, TX 78735
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 14 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $53,171 (compared to this company's $25,153).
Similar Nearby Businesses Who Received PPP Funding:
Medley Swim Systems Inc
Body Balance Physical Therapy
Achieve PT PLLC
Performance Therapy Group, PLLC
Sports Therapy And Advanced Rehabilitation Inc
Land Audiology PLLC
Mindy L Granberry PLLC
Sports Therapy And Advanced Rehabilitation
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 Parrpt, PLLC's reported 2 employees, and received an average PPP loan of $69,079, 175% higher than this company's loan of $25,153.
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Footnotes & Information
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