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PPP Loan Data — Wellness Physical Therapy PC, Bronx, NY

SBA PPP loan data, payroll data, and salaries for Wellness Physical Therapy PC
NY

Wellness Physical Therapy PC

Entity: Partnership

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Bronx, NY

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Wellness Physical Therapy PC is a partnership located at 1320 Louis Nine Boulevard in Bronx, New York that received a Coronavirus-related PPP loan from the SBA of $81,825.00 in June, 2020.

$ PPP Loan Information

Loan Size:

$81,825

Jobs Retained:

0 Unreported

Loan Approved:

2020-06-20

Lender:

CELTIC BANK CORPORATION

Wellness Physical Therapy PC received a Paycheck Protection Loan of $81,825 through CELTIC BANK CORPORATION, which was approved in June, 2020.

Based on standard PPP eligibility rules, Wellness Physical Therapy PC's total 2019 payroll expenses were approximately $392,760 in order to qualify for the PPP loan amount received.

Unlike most businesses, Wellness Physical Therapy PC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Wellness Physical Therapy PC in Bronx, NY

Wellness Physical Therapy PC
1320 Louis Nine Boulevard
Bronx, NY 10459

Business Industry

Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-15

Similar Companies near Bronx

In the Bronx area, 28 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 0) and received an average PPP loan of $230,947 (compared to this company's $81,825).

Industry PPP Comparison Statistics

Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, and received an average PPP loan of $138,136, 69% higher than this company's loan of $81,825.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/wellness-physical-therapy-pc-bronx-ny