PPP Loan Data — Pick PT LLC, Rexburg, ID
Pick PT LLC
Entity: Limited Liability Company (LLC)
Location: Rexburg, IDTweet This • Search All PPP Data
Pick PT LLC is a limited liability company (LLC) located at 526 First American Circle Suite B in Rexburg, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,236.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Pick PT LLC in Rexburg, ID received a Paycheck Protection Loan of $25,236 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Pick PT LLC's 2019 payroll expenses are estimated to be at least $121,133.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,378 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pick PT LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,236
- Rent: $6,000
Business Information - Pick PT LLC in Rexburg, ID
526 First American Circle Suite B
Rexburg, ID 83440
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 Rexburg
In the Rexburg 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 7 employees (compared to this company's 3) and received an average PPP loan of $48,743 (compared to this company's $25,236).
Similar Nearby Businesses Who Received PPP Funding:
Upper Valley Options Inc
Spine & Sport Physical Therapy, PC
Advanced Physical Therapy And Wound Center PLLC
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, 167% higher than Pick PT LLC's reported 3 employees, and received an average PPP loan of $69,079, 174% higher than this company's loan of $25,236.
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