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PPP Loan Data — SOS Physio LLC,
Aventura, FL
SOS Physio LLC
Entity: Corporation
Industry: Offices of All Other Miscellaneous Health Practitioners
Location: Aventura, FL
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SOS Physio LLC is a corporation located at 3575 Ne 207th St B17 in Aventura, Florida that received a Coronavirus-related PPP loan from the SBA of $118,905.00 in March, 2021.
$
PPP Loan Information
Loan #8097988505
Loan Size:
Jobs Retained:
15Loan Approved:
2021-03-08Loan Status:
Paid in Full or ForgivenLender:
Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc.SOS Physio LLC in Aventura, FL received a Paycheck Protection Loan of $118,905 through Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc., 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 MoreUnderstanding 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 MoreBased 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, SOS Physio LLC's 2019 payroll expenses are estimated to be at least $570,744.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $38,050 per employee1
Reported PPP Proceed Usage:
On the PPP application, SOS Physio LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $118,900
- Utilities: $1
Business Information - SOS Physio LLC in Aventura, FL
3575 Ne 207th St B17
Aventura, FL 33180
Business Industry:
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
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
Similar Companies near Aventura
In the Aventura area, 37 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 15) and received an average PPP loan of $38,060 (compared to this company's $118,905).
Similar Nearby Businesses Who Received PPP Funding:
Peace Of Mind Recovery Center Inc
Aventura, FL
Ralph Richardson PHD, PA.,
North Miami, FL
S & O Eyeglass Galleria Inc
North Miami, FL
South Florida Speech Therapy, LLC
Miami, FL
Transform Physical Therapy & Pilates LLC
Miami, FL
Pediatric Pulmonary And Asthma Specialists
Miami, FL
EVA Hallstrom Lcsw PA
North Miami, FL
Reliable Super Drugs Of Miami, LLC
North Miami, FL
Mtmt LLC
Aventura, FL
Industry PPP Comparison Statistics
Nationwide, 63,161 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.46B 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 5 employees, 67% lower than SOS Physio LLC's reported 15 employees, and received an average PPP loan of $38,880, 67% lower than this company's loan of $118,905.
SOS Physio LLC
Entity: Corporation
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: Aventura, FL
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SOS Physio LLC is a corporation located at 3575 Ne 207 St Local B17 in Aventura, Florida that received a Coronavirus-related PPP loan from the SBA of $161,458.00 in May, 2020.
$
PPP Loan Information
Loan #4457767705
Loan Size:
Jobs Retained:
17Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
Wells Fargo Bank, National AssociationSOS Physio LLC in Aventura, FL received a Paycheck Protection Loan of $161,458 through Wells Fargo Bank, National Association, 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 May, 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 MoreUnderstanding 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 MoreBased 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, SOS Physio LLC's 2019 payroll expenses are estimated to be at least $774,998.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $45,588 per employee1
Reported PPP Proceed Usage:
On the PPP application, SOS Physio LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $161,458
Business Information - SOS Physio LLC in Aventura, FL
3575 Ne 207 St Local B17
Aventura, FL 33180
Business Industry:
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
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
Similar Companies near Aventura
In the Aventura area, 34 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 17) and received an average PPP loan of $35,874 (compared to this company's $161,458).
Similar Nearby Businesses Who Received PPP Funding:
NBA Speech Corp
Miami, FL
Integrated Physical Therapy Inc
North Miami, FL
Apps2Teach Inc
Aventura, FL
Speech Recovery LLC
North Miami, FL
The Children's Center For Therapy And Learning
Miami, FL
Pediatric Therapy Center Inc
North Miami, FL
Janet Yarbrough-Moody
North Miami, FL
Jessica Hodgman
North Miami, FL
Pediatric Therapy Center Inc
Miami, FL
Industry PPP Comparison Statistics
Nationwide, 39,291 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, 53% lower than SOS Physio LLC's reported 17 employees, and received an average PPP loan of $69,381, 57% lower than this company's loan of $161,458.
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.
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.
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