PPP Loan Data — Rehabilitation Center At Park Place LLC, Pensacola, FL
Rehabilitation Center At Park Place LLC
Entity: Limited Liability Partnership
Location: Pensacola, FLTweet This • Search All PPP Data
Rehabilitation Center At Park Place LLC is a limited liability partnership located at 1717 West Avery Street, in Pensacola, Florida that received a Coronavirus-related PPP loan from the SBA of $1,765,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Rehabilitation Center At Park Place LLC in Pensacola, FL received a Paycheck Protection Loan of $1.77M through Regions 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 December, 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, Rehabilitation Center At Park Place LLC's 2019 payroll expenses are estimated to be at least $8.47M.
Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $64,182 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rehabilitation Center At Park Place LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,765,000
Business Information - Rehabilitation Center At Park Place LLC in Pensacola, FL
1717 West Avery Street,
Pensacola, FL 32501
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pensacola
In the Pensacola area, 3 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 176 employees (compared to this company's 132) and received an average PPP loan of $1,054,761 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
Southern Oaks Facility Inc
Adult & Child Mental Health Care, LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 55% lower than Rehabilitation Center At Park Place LLC's reported 132 employees, and received an average PPP loan of $442,944, 75% lower than this company's loan of $1.77M.
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Footnotes & Information
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