PPP Loan Data — Speech Language Associates LLC, Delran, NJ
Speech Language Associates LLC
Entity: Limited Liability Company (LLC)
Location: Delran, NJTweet This • Search All PPP Data
Speech Language Associates LLC is a limited liability company (LLC) located at 80 Stecher Ave in Delran, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,392.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Square Capital, LLC
Speech Language Associates LLC in Delran, NJ received a Paycheck Protection Loan of $25,392 through Square Capital, LLC, which was approved in May, 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, Speech Language Associates LLC's 2019 payroll expenses are estimated to be at least $121,882.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,157 per employee1
Reported PPP Proceed Usage:
On the PPP application, Speech Language Associates LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,392
Business Information - Speech Language Associates LLC in Delran, NJ
80 Stecher Ave
Delran, NJ 8075
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Delran
In the Delran area, 2 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 12) and received an average PPP loan of $15,557 (compared to this company's $25,392).
Similar Nearby Businesses Who Received PPP Funding:
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, 33% lower than Speech Language Associates LLC's reported 12 employees, and received an average PPP loan of $69,079, 172% higher than this company's loan of $25,392.
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