PPP Loan Data — TX: Team Rehab, Inc, Indianapolis, IN
TX: Team Rehab, Inc
Entity: Subchapter S Corporation
Location: Indianapolis, INTweet This • Search All PPP Data
TX: Team Rehab, Inc is a subchapter s corporation located at 9101 Wesleyan Road, Suite 100 in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,969,241.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Old National Bank
TX: Team Rehab, Inc in Indianapolis, IN received a Paycheck Protection Loan of $1.97M through Old National 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 June, 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, TX: Team Rehab, Inc's 2019 payroll expenses are estimated to be at least $9.45M.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $44,377 per employee1
Reported PPP Proceed Usage:
On the PPP application, TX: Team Rehab, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,969,241
Business Information - TX: Team Rehab, Inc in Indianapolis, IN
9101 Wesleyan Road, Suite 100
Indianapolis, IN 46268
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 Indianapolis
In the Indianapolis area, 4 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 213) and received an average PPP loan of $501,351 (compared to this company's $1.97M).
Similar Nearby Businesses Who Received PPP Funding:
Carpal Therapy Inc
Indy Muscle Therapy LLC
Sense Of Balance LLC
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, 96% lower than TX: Team Rehab, Inc's reported 213 employees, and received an average PPP loan of $69,079, 96% lower than this company's loan of $1.97M.
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Footnotes & Information
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