Kent physical therapy company received $8.1 million from SBA… – Kent Reporter

Therapeutic Associates Inc., a physical, occupational and speech therapy business, received an $8.1 million loan under the federal Paycheck Protection Program, the most of any Kent company.

Novinium Inc., an underground power expert that partners with utility companies, obtained $5.3 million and Holmes Electric, an electrical contractor, received a $5.2 million loan, according to data released last week by the U.S. Small Business Administration (SBA), complying with a federal court order as part of a lawsuit by the Washington Post and other media organizations to get specific information about the loans, part of the federal CARES Act to combat the economic impact of COVID-19.

The SBA released data in July that did not include specific amounts to each business. The loans do not require repayment if borrowers spend most of the funds to cover payroll. The SBA, in most cases, considers a small business as having 500 or fewer employees.

Therapeutic Associates, a physical therapy business whose administrative officers are in Kent, did not report the number of jobs retained. Holmes Electric also didnt list the number of its employees. Novinium reported the loan would help it retain 267 employees.

Following is a list, by amount received, of Kent businesses that received at least $1 million, with the type of business and the number of employees. Several businesses did not list their number of employees. Many other Kent businesses received amount less than $1 million.

Kent PPP recipients $5 million $10 million

THERAPEUTIC ASSOCIATES INC.

Offices of Physical, Occupational and Speech Therapists, and Audiologists

No employee number listed

$8,167,100

NOVINIUM INC

All Other Specialty Trade Contractors

267 employees

$5,370,000

HOLMES ELECTRIC COMPANY

Electrical Contractors and Other Wiring Installation Contractors

No employee number listed

$5,205,500

$3 million $4 million

KELLEY IMAGING SYSTEMS INC

Office Equipment Merchant Wholesalers

200 employees

$4,169,500

ALCO INVESTMENT COMPANY

Other Miscellaneous Durable Goods Merchant Wholesalers

331 employees

$4,126,100

KEY MECHANICAL CO.

Plumbing, Heating, and Air-Conditioning Contractors

203 employees

$3,812,395

HARBOR FOODSERVICE OF SEATTLE LLC

Other Grocery and Related Products Merchant Wholesalers

208 employees

$3,653,250

T & A SUPPLY COMPANY, INC.

Floor Covering Stores

No employees number listed

$3,505,000

BARGHAUSEN CONSULTING ENGINEERS INC.

Engineering Services

175 employees

$3,315,821

LONG PAINTING COMPANY

Painting and Wall Covering Contractors

68 employees

$3,296,149

POULSBO RV INC

Recreational Vehicle Dealers

235 employees

$3,002,157

$2 million $3 million

PETROCARD, INC.

Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)

162 employees

$2,970,245

PRECISION AEROSPACE PRODUCTS, LLC

Aircraft Engine and Engine Parts Manufacturing

125 employees

$2,564,422

PUGET SOUND PIPE AND SUPPLY COMPANY

Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers

No employee number listed

$2,531,230

SHINN MECHANICAL, INC.

Plumbing, Heating, and Air-Conditioning Contractors

No employee number listed

$2,506,100

INSULATION CONTRACTORS, INC.

Drywall and Insulation Contractors

No employee number listed

$2,441,600

SEA-TAC ELECTRIC, INC.

Electrical Contractors and Other Wiring Installation Contractors

No employee number listed

$2,422,500

WESTERN INTEGRATED TECHNOLOGIES INC

Industrial Machinery and Equipment Merchant Wholesalers

No employee number listed

$2,321,000

THE BOXMAKER, INC.

Corrugated and Solid Fiber Box Manufacturing

No employee number listed

$2,311,200

MAC & CO.

Baked Goods Stores

No employee number listed

$02,149,332

TRI-MED AMBULANCE, LLC

Ambulance Services

239 employees

$2,035,009

FAWCETT PAINTING, INC.

Painting and Wall Covering Contractors

111 employees

$2,019,200

CORPORATE MOVING SYSTEMS, INC.

Used Household and Office Goods Moving

No employee number listed

$2,000,000

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Kent physical therapy company received $8.1 million from SBA... - Kent Reporter