PPP Loan Data — South Bay Physial Therapy And Sports RE, Islip, NY
South Bay Physial Therapy And Sports RE
Location: Islip, NYTweet This • Search All PPP Data
South Bay Physial Therapy And Sports RE is a corporation located at 393 Moffitt Blvd in Islip, New York that received a Coronavirus-related PPP loan from the SBA of $32,562.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
South Bay Physial Therapy And Sports RE received a Paycheck Protection Loan of $32,562 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, South Bay Physial Therapy And Sports RE's total 2019 payroll expenses were approximately $156,298 in order to qualify for the PPP loan amount received.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $52,099 per employee1.
Business Information - South Bay Physial Therapy And Sports RE in Islip, NY
393 Moffitt Blvd
Islip, NY 11751
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-02
Similar Companies near Islip
In the Islip area, 9 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 3) and received an average PPP loan of $333,581 (compared to this company's $32,562).
Similar Nearby Businesses Who Received PPP Funding:
Islip Pediatrics PC
Contemporary Medical Services PC
South Shore Neurologic Assoicates
Gloria Escobar MD DBA Islip Family Pracitce
Mzserina Holistic Solutions Inc
Islip Terrace, NY
Harvey J Miller MD
Island Medical Services, PC
Islip Terrace, NY
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 233% higher than South Bay Physial Therapy And Sports RE's reported 3 employees, and received an average PPP loan of $138,136, 324% higher than this company's loan of $32,562.
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. 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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