PPP Loan Data — Rehabilitation Associates Of Connecticut Inc, Fairfield, CT
Rehabilitation Associates Of Connecticut Inc
Location: Fairfield, CTTweet This • Search All PPP Data
Rehabilitation Associates Of Connecticut Inc is a corporation located at 1931 Black Rock Tpke in Fairfield, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,248,700.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 176 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First County Bank
Rehabilitation Associates Of Connecticut Inc in Fairfield, CT received a Paycheck Protection Loan of $2.25M through First County 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 March, 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, Rehabilitation Associates Of Connecticut Inc's 2019 payroll expenses are estimated to be at least $10.79M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $61,328 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rehabilitation Associates Of Connecticut Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,248,700
Business Information - Rehabilitation Associates Of Connecticut Inc in Fairfield, CT
1931 Black Rock Tpke
Fairfield, CT 6825
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
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 Fairfield
In the Fairfield area, 19 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 176) and received an average PPP loan of $251,495 (compared to this company's $2.25M).
Similar Nearby Businesses Who Received PPP Funding:
PT Plus, LLC
Michele Vogel Snapper Slp
Preneta Physical Therapy, PC
Rami Rachamkin DBA
Naomi Bliman Kimmel
Center For Pediatric Therapy - Fairfield
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, 95% lower than Rehabilitation Associates Of Connecticut Inc's reported 176 employees, and received an average PPP loan of $69,079, 97% lower than this company's loan of $2.25M.
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