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PPP Loan Data — WSB Rehabilitation Services,
Canfield, OH
WSB Rehabilitation Services
Entity: Subchapter S Corporation
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: Canfield, OH
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WSB Rehabilitation Services is a subchapter s corporation located at 510 W Main St in Canfield, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,000,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
332Loan Approved:
2020-04-27Lender:
MID PENN BANKWSB Rehabilitation Services in Canfield, OH received a Paycheck Protection Loan of $3M through MID PENN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, WSB Rehabilitation Services' total 2019 payroll expenses were approximately $14.4M in order to qualify for the PPP loan amount received.
Based on their reported 332 jobs retained, this equals an estimated average yearly compensation of $43,373 per employee1.
Business Information - WSB Rehabilitation Services in Canfield, OH
510 W Main St
Canfield, OH 44406
Business Industry
Offices of Physical, Occupational and Speech Therapists, and Audiologists (NAICS code 621340)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-06Similar Companies near Canfield
In the Canfield area, 8 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 332) and received an average PPP loan of $446,086 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
River Rock Rehabilitation, LLC
Canfield, OH
Griswold Operations, LLC
Canfield, OH
NBJ Outpatient Therapy, LLC
Canfield, OH
Smart Body Physical Therapy, LLC
Canfield, OH
Tri County Physical Therapy Institution
Canfield, OH
Water Works Total Rehab
Canfield, OH
Chcc Therapy LLC
Canfield, OH
Industry PPP Comparison Statistics
Nationwide, 21,136 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a total of $1,682,147,868.00 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 8 employees, 98% lower than WSB Rehabilitation Services' reported 332 employees, and received an average PPP loan of $79,587, 97% lower than this company's loan of $3M.
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, and is published unmodified, as provided by the SBA.
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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