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

PPP Loan Data — RSL Counseling Inc, Boca Raton, FL

ALERT: There are 2 PPP loans for a total of $23,306 in our database for businesses with the name "RSL Counseling Inc" in Boca Raton, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for RSL Counseling Inc
FL

RSL Counseling Inc

Entity: Corporation

Industry: Offices of Mental Health Practitioners (except Physicians)

Location: Boca Raton, FL

Search All PPP Data

RSL Counseling Inc is a corporation located at 2499 Glades Rd in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $10,484.00 in March, 2021.

$ PPP Loan Information
Loan #7509838509

Loan Size:

$10,484

Jobs Retained:

1

Loan Approved:

2021-03-06

Loan Status:

Paid in Full or Forgiven

Lender:

WebBank

RSL Counseling Inc in Boca Raton, FL received a Paycheck Protection Loan of $10,484 through WebBank, which was approved in March, 2021.

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 October, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, RSL Counseling Inc's 2019 payroll expenses are estimated to be at least $50,323.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $50,323 per employee1

Reported PPP Proceed Usage:

On the PPP application, RSL Counseling Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $10,483

Business Information - RSL Counseling Inc in Boca Raton, FL

RSL Counseling Inc
2499 Glades Rd
Boca Raton, FL 33431

Business Industry:
Offices of Mental Health Practitioners (except Physicians)
NAICS code 621330

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Palm Beach County, FL — SBA Office 0455 — Congressional District: FL-22

Similar Companies near Boca Raton

In the Boca Raton area, 27 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $24,501 (compared to this company's $10,484).

Industry PPP Comparison Statistics

Nationwide, 35,346 businesses in the "Offices of Mental Health Practitioners (except Physicians)" industry received a total of $1.26B 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 4 employees, 300% higher than RSL Counseling Inc's reported 1 employees, and received an average PPP loan of $35,510, 239% higher than this company's loan of $10,484.

SBA PPP loan data, payroll data, and salaries for RSL Counseling, Inc
FL

RSL Counseling, Inc

Entity: Corporation

Industry: Psychiatric and Substance Abuse Hospitals

Location: Boca Raton, FL

Search All PPP Data

RSL Counseling, Inc is a corporation located at 2499 W Glades Rd in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $12,822.00 in May, 2020.

$ PPP Loan Information
Loan #8504307306

Loan Size:

$12,822

Jobs Retained:

1

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

WebBank

RSL Counseling, Inc in Boca Raton, FL received a Paycheck Protection Loan of $12,822 through WebBank, which was approved in May, 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 June, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, RSL Counseling, Inc's 2019 payroll expenses are estimated to be at least $61,546.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $61,546 per employee1

Reported PPP Proceed Usage:

On the PPP application, RSL Counseling, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $12,822

Business Information - RSL Counseling, Inc in Boca Raton, FL

RSL Counseling, Inc
2499 W Glades Rd
Boca Raton, FL 33431

Business Industry:
Psychiatric and Substance Abuse Hospitals
NAICS code 622210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Palm Beach County, FL — SBA Office 0455 — Congressional District: FL-22

Similar Companies near Boca Raton

In the Boca Raton area, 2 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $20,212 (compared to this company's $12,822).

Similar Nearby Businesses Who Received PPP Funding:

Sjjm Investments LLC
Boca Raton, FL

$27,602 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,054 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $316.47M 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 32 employees, 3100% higher than RSL Counseling, Inc's reported 1 employees, and received an average PPP loan of $300,253, 2242% higher than this company's loan of $12,822.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/rsl-counseling-inc-boca-raton-fl