PPP Loan Data — Therapy Management, Inc., Plymouth, MI
Therapy Management, Inc. is a subchapter s corporation located at 851 Penniman Ave in Plymouth, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,474,610.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Therapy Management, Inc. received a Paycheck Protection Loan of $2.47M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Therapy Management, Inc.'s total 2019 payroll expenses were approximately $11.88M in order to qualify for the PPP loan amount received.
Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $45,685 per employee1.
Business Information - Therapy Management, Inc. in Plymouth, MI
851 Penniman Ave
Plymouth, MI 48170
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Similar Companies near Plymouth
In the Plymouth area, 2 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 137 employees (compared to this company's 260) and received an average PPP loan of $1,307,855 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Professional Billing LLC
Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 97% lower than Therapy Management, Inc.'s reported 260 employees, and received an average PPP loan of $95,712, 96% lower than this company's loan of $2.47M.
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Footnotes & Information
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