Kent physical therapy company received $8.1 million from SBA program
Published 12:57 pm Wednesday, December 9, 2020
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 didn’t 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
$1 million – $2 million
■ HY-SECURITY GATE, INC.
All Other Miscellaneous General Purpose Machinery Manufacturing
No employee number listed
$1,943,098
■ AMERICAN PILEDRIVING EQUIPMENT, INC.
Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers
140 employees
$1,880,340
■ ROTTLER MANUFACTURING, LLC
All Other Miscellaneous Manufacturing
No employee number listed
$1,872,700
■ SMITH ACQUISITIONS LLC
Fluid Milk Manufacturing
No employee number listed
$1,842,500
■ METROPOLITAN HARDWOOD FLOORS US INC
Home Furnishing Merchant Wholesalers
125 employees
$1,728,568
■ PACIFIC MAT & COMMERCIAL FLOORING LLC
Floor Covering Stores
No employee number listed
$1,696,000
■ BOWEN SCARFF FORD SALES, INC.
New Car Dealers
No employee number listed
$1,409,360
■ AUTOMATIC PRODUCTS CO., INC.
Bolt, Nut, Screw, Rivet, and Washer Manufacturing
106 employees
$1,396,500
■ BINFORD METALS L.L.C.
Recyclable Material Merchant Wholesalers
No employee number listed
$1,338,906
■ S. MADISON SERVICES LLC
Wood Window and Door Manufacturing
No employee number listed
$1,300,393
■ ALKI BAKERY INC
Retail Bakeries
160 employees
$1,299,807
■ GRIFFITH INDUSTRIES, INC.
All Other Specialty Trade Contractors
107 employees
$1,297,700
■ CARPINITO BROTHERS INC
Flower, Nursery Stock, and Florists’ Supplies Merchant Wholesalers
No employee number listed
$1,296,706
Source: Washington Post and U.S. Small Business Administration
