PPP Loan Data — Stretch Zone Treasure Coast Inc, Stuart, FL
Stretch Zone Treasure Coast Inc
Location: Stuart, FLTweet This • Search All PPP Data
Stretch Zone Treasure Coast Inc is a corporation located at 4 Fieldway Dr in Stuart, Florida that received a Coronavirus-related PPP loan from the SBA of $25,018.00 in January, 2021.
The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Seacoast National Bank
Stretch Zone Treasure Coast Inc in Stuart, FL received a Paycheck Protection Loan of $25,018 through Seacoast National Bank, which was approved in January, 2021.
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, Stretch Zone Treasure Coast Inc's 2019 payroll expenses are estimated to be at least $120,086.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,155 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stretch Zone Treasure Coast Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,014
- Utilities: $1
Business Information - Stretch Zone Treasure Coast Inc in Stuart, FL
4 Fieldway Dr
Stuart, FL 34996
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Stuart
In the Stuart area, 13 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $32,731 (compared to this company's $25,018).
Similar Nearby Businesses Who Received PPP Funding:
Atlantic Physical Therapy & Rehab Inc
Oceanside Physical Therapy Inc
Jaime R. Taylor
Sterling Hearing Care LLC
Ginas Physical Therapy Inc-Sba Small 7A Term
Stretch Zone Treasure Coast
Four Seasons Physical Therapy, Inc
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, 14% higher than Stretch Zone Treasure Coast Inc's reported 7 employees, and received an average PPP loan of $69,079, 176% higher than this company's loan of $25,018.
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