PPP Loan Data — The Pediatric Therapy Clinic, Inc, Kennesaw, GA
The Pediatric Therapy Clinic, Inc is a corporation located at 5150 Stilesboro Rd Suite 430 in Kennesaw, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Pediatric Therapy Clinic, Inc in Kennesaw, GA received a Paycheck Protection Loan of $24,900 through Vinings Bank, which was approved in April, 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 February, 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, The Pediatric Therapy Clinic, Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Pediatric Therapy Clinic, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,900
- Utilities: $2,500
- Rent: $2,500
Business Information - The Pediatric Therapy Clinic, Inc in Kennesaw, GA
5150 Stilesboro Rd Suite 430
Kennesaw, GA 30152
Offices of Physicians, Mental Health Specialists
NAICS code 621112
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 21,049 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.68B 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, 100% higher than The Pediatric Therapy Clinic, Inc's reported 4 employees, and received an average PPP loan of $80,024, 221% higher than this company's loan of $24,900.
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Footnotes & Information
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