PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Professional Therapy Services, Inc, Belleville, IL

SBA PPP loan data, payroll data, and salaries for Professional Therapy Services, Inc
IL

Professional Therapy Services, Inc

Entity: Corporation

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

Location: Belleville, IL

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Professional Therapy Services, Inc is a corporation located at 2810 Frank Scott Pkwy West Ste 824 in Belleville, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,306,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.31M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-05

Lender:

BUSEY BANK

Professional Therapy Services, Inc in Belleville, IL received a Paycheck Protection Loan of $3.31M through BUSEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Professional Therapy Services, Inc's total 2019 payroll expenses were approximately $15.87M in order to qualify for the PPP loan amount received.

Unlike most businesses, Professional Therapy Services, Inc's 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.

Because the loan received by Professional Therapy Services, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Professional Therapy Services, Inc in Belleville, IL

Professional Therapy Services, Inc
2810 Frank Scott Pkwy West Ste 824
Belleville, IL 62223

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: IL-12

Similar Companies near Belleville

In the Belleville area, 2 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 0) and received an average PPP loan of $1,662,163 (compared to this company's $3.31M).

Similar Nearby Businesses Who Received PPP Funding:

Debra Biekert DBA None
Bellville, IL

$18,125 PPP Loan

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, 98% lower than this company's loan of $3.31M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/professional-therapy-services-inc-belleville-il