PPP Loan Data — The Wright Rehabilitation Service Inc, Woodstock, GA
The Wright Rehabilitation Service Inc is a subchapter s corporation located at 213 River Park North Dr in Woodstock, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,309,600.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
The Wright Rehabilitation Service Inc in Woodstock, GA received a Paycheck Protection Loan of $2.31M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 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, The Wright Rehabilitation Service Inc's 2019 payroll expenses are estimated to be at least $11.09M.
Based on their reported 124 jobs retained, this equals an estimated average yearly compensation of $89,404 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Wright Rehabilitation Service Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,309,600
Business Information - The Wright Rehabilitation Service Inc in Woodstock, GA
213 River Park North Dr
Woodstock, GA 30188
Vocational Rehabilitation Services
NAICS code 624310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Woodstock
In the Woodstock area, 4 businesses in the "Vocational Rehabilitation Services" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 124) and received an average PPP loan of $599,243 (compared to this company's $2.31M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,932 businesses in the "Vocational Rehabilitation Services" industry received a total of $878.96M 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 32 employees, 74% lower than The Wright Rehabilitation Service Inc's reported 124 employees, and received an average PPP loan of $223,541, 90% lower than this company's loan of $2.31M.
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