FederalPay.org
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
Tweet This
•
Search All PPP Data
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 $2,000,000.00 in February, 2021.
$
PPP Loan Information
Loan #5916878410
Loan Size:
Jobs Retained:
239Loan Approved:
2021-02-09Loan Status:
Paid in Full or ForgivenLender:
Mid Penn BankWSB Rehabilitation Services in Canfield, OH received a Paycheck Protection Loan of $2M through Mid Penn Bank, which was approved in February, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, WSB Rehabilitation Services' 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 239 jobs retained, this equals an estimated average yearly compensation of $40,167 per employee1
Reported PPP Proceed Usage:
On the PPP application, WSB Rehabilitation Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
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: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as WSB Rehabilitation Services.
River Rock Rehabilitation, LLC
Offices of Physical, Occupational and Speech Therapists, and Audiologists
Water Works Total Rehab
Offices of Physical, Occupational and Speech Therapists, and Audiologists
Similar Companies near Canfield
In the Canfield area, 10 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 239) and received an average PPP loan of $566,269 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Smart Body Physical Therapy, LLC
Canfield, OH
River Rock Rehabilitation, LLC
Canfield, OH
Chcc Therapy LLC
Canfield, OH
NBJ Outpatient Therapy, LLC
Canfield, OH
Water Works Total Rehab
Canfield, OH
Griswold Operations, LLC
Canfield, OH
Tri County Physical Therapy Institution
Canfield, OH
Industry PPP Comparison Statistics
Nationwide, 39,291 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, 97% lower than WSB Rehabilitation Services' reported 239 employees, and received an average PPP loan of $69,381, 97% lower than this company's loan of $2M.
WSB Rehabilitation Services
Entity: Subchapter S Corporation
Industry: Offices of Physical, Occupational and Speech Therapists, and Audiologists
Location: Canfield, OH
Tweet This
•
Search All PPP Data
WSB Rehabilitation Services is a subchapter s corporation located at 510 W Main St Suite B 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 #4383677208
Loan Size:
Jobs Retained:
332Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
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.
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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, WSB Rehabilitation Services' 2019 payroll expenses are estimated to be at least $14.4M.
Based on their reported 332 jobs retained, this equals an estimated average yearly compensation of $43,373 per employee1
Reported PPP Proceed Usage:
On the PPP application, WSB Rehabilitation Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,000,000
Business Information - WSB Rehabilitation Services in Canfield, OH
510 W Main St Suite B
Canfield, OH 44406
Business Industry:
Offices of Physical, Occupational and Speech Therapists, and Audiologists
NAICS code 621340
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Canfield
In the Canfield area, 10 businesses in the "Offices of Physical, Occupational and Speech Therapists, and Audiologists" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 332) and received an average PPP loan of $566,269 (compared to this company's $3M).
Similar Nearby Businesses Who Received PPP Funding:
Smart Body Physical Therapy, LLC
Canfield, OH
River Rock Rehabilitation, LLC
Canfield, OH
Chcc Therapy LLC
Canfield, OH
NBJ Outpatient Therapy, LLC
Canfield, OH
Water Works Total Rehab
Canfield, OH
Griswold Operations, LLC
Canfield, OH
Tri County Physical Therapy Institution
Canfield, OH
Industry PPP Comparison Statistics
Nationwide, 39,291 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, 98% lower than WSB Rehabilitation Services' reported 332 employees, and received an average PPP loan of $69,381, 98% 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, 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.
Footnotes & Information
1. Estimations for informational purposes only. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!