PPP Loan Data — Pediatric Therapy Network, Torrance, CA
Pediatric Therapy Network
Entity: Non-profit Organization
Location: Torrance, CATweet This • Search All PPP Data
Pediatric Therapy Network is a non-profit organization located at 1815 W. 213th St Suite 100 in Torrance, California that received a Coronavirus-related PPP loan from the SBA of $1,905,900.00 in April, 2020.
The company has reported itself as an Asian female owned non-profit, and employed at least 197 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:American Business Bank
Pediatric Therapy Network in Torrance, CA received a Paycheck Protection Loan of $1.91M through American Business 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 April, 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, Pediatric Therapy Network's 2019 payroll expenses are estimated to be at least $9.15M.
Based on their reported 197 jobs retained, this equals an estimated average yearly compensation of $46,438 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pediatric Therapy Network reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,691,000
- Utilities: $19,900
- Rent: $95,000
- Health Care: $100,000
Business Information - Pediatric Therapy Network in Torrance, CA
1815 W. 213th St Suite 100
Torrance, CA 90501
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Torrance
In the Torrance area, 5 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 197) and received an average PPP loan of $389,493 (compared to this company's $1.91M).
Similar Nearby Businesses Who Received PPP Funding:
Collaborative Pediatric Therapy Inc
Collaborative Pediatric Therapy
Solicitude Rehab Solutions
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 Pediatric Therapy Network's reported 197 employees, and received an average PPP loan of $69,079, 96% lower than this company's loan of $1.91M.
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