PPP Loan Data — Willowbrook Rehabilitation Services, Inc, Brighton, MI
Willowbrook Rehabilitation Services, Inc
Location: Brighton, MITweet This • Search All PPP Data
Willowbrook Rehabilitation Services, Inc is a corporation located at 7200 Challis Rd in Brighton, Michigan that received a Coronavirus-related PPP loan from the SBA of $1,847,948.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fifth Third Bank
Willowbrook Rehabilitation Services, Inc in Brighton, MI received a Paycheck Protection Loan of $1.85M through Fifth Third 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, Willowbrook Rehabilitation Services, Inc's 2019 payroll expenses are estimated to be at least $8.87M.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $57,975 per employee1
Reported PPP Proceed Usage:
On the PPP application, Willowbrook Rehabilitation Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,847,948
Business Information - Willowbrook Rehabilitation Services, Inc in Brighton, MI
7200 Challis Rd
Brighton, MI 48116
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Brighton
In the Brighton area, 5 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 153) and received an average PPP loan of $406,179 (compared to this company's $1.85M).
Similar Nearby Businesses Who Received PPP Funding:
Lauren Lobert Physical Therapy
Pro-Motion Physical Therapy PLLC
Peak Physical Therapy Clinic 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, 95% lower than Willowbrook Rehabilitation Services, Inc's reported 153 employees, and received an average PPP loan of $69,079, 96% lower than this company's loan of $1.85M.
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Footnotes & Information
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