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With a Two-Year Revenue Growth of 119%, Rehab 2 Perform Ranks No. 82 on Inc. Magazine’s List of the Mid-Atlantic Region’s Fastest-Growing Private Companies
Companies on the 2022 Inc. 5000 Regionals Mid-Atlantic list had an average growth rate of 161% percent.
Maryland, March 15, 2022 – Inc. magazine today revealed that Rehab 2 Perform is No. 82 on its third annual Inc. 5000 Regionals: Mid-Atlantic list, the most prestigious ranking of the fastest-growing private companies based in Washington, D.C., Delaware, Maryland, North Carolina, Virginia, and West Virginia. Born of the annual Inc. 5000 franchise, this regional list represents a unique look at the most successful companies within the Mid-Atlantic region economy’s most dynamic segment– its independent small businesses.
“I can’t speak highly enough about our team and how they approached operating over the past two years. To commit to personal growth and development during a pandemic, as well as the growth of our company and what we provide, speaks volumes about their ability to control the controllables.
We truly have been blessed with success in the past few years, despite some unbelievable circumstances, and we are optimistic about what the future holds for us. I am extremely confident that our growth, and ability to serve our clientele and community, will continue to rise in the years to come, “ said CEO & Founder, Dr. Josh Funk.
The companies on this list show a remarkable rate of growth across all industries in the Mid-Atlantic region. Between 2019 and 2021, these 131 private companies had an average growth rate of 161% percent and, in 2021 alone, they added 7,365 jobs and $1.9 billion to the Mid-Atlantic region’s economy. Companies based in the Richmond and Washington, D.C., areas had the highest growth rate overall.
Complete results of the Inc. 5000 Regionals: Mid-Atlantic, including company profiles and an interactive database that can be sorted by industry, metro area, and other criteria, can be found at inc.com/mid-atlantic starting March 15, 2022.
“This year’s Inc. 5000 Regional winners represent one of the most exceptional and exciting lists of America’s off-the-charts growth companies. They’re disrupters and job creators, and all delivered an outsize impact on the economy. Remember their names and follow their lead. These are the companies you’ll be hearing about for years to come,” says Scott Omelianuk, editor-in-chief of Inc.
Rehab 2 Perform (R2P) is a fitness-focused physical therapy company with 6, soon to be 7 locations across Maryland. R2P provides services such as physical therapy, sports rehab, concussion care and an array of wellness services for the competitive athlete, active adult, or those looking to be more active.
Contact: Dr. Josh Funk, 301-467-8757, DrFunk@Rehab2Perform.com
More about Inc. and the Inc. 5000 Regionals
Methodology
The 2022 Inc. 5000 Regional are ranked according to percentage revenue growth when comparing 2018 and 2020. To qualify, companies must have been founded and generating revenue by March 31, 2018. They had to be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2019. (Since then, a number of companies on the list have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2020 is $1 million. As always, Inc. reserves the right to decline applicants for subjective reasons.
About Inc. Media
The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.
NORTH BETHESDA, MD (March 17, 2022) — Progressions salon spa store in North Bethesda, Maryland, has recently received several prestigious accolades in the beauty industry, both nationally and locally.
Progressions salon spa store has been honored as a 2022 SALON TODAY 200 salon honoree by Salon Today Magazine, a leading business publication for top salon and spa owners. The award-winning salon was celebrated for its successful business strategies in 2021. The 25th annual Salon Today Magazine issue profiles the selected salons in the Spring 2022 edition.
In addition, Progressions salon spa store was recognized nationally as a Kérastase Top 100 Salon in 2021. This distinguished ranking is awarded to the most reputable salons in the country and celebrates excellence in both superior styling and client satisfaction.
In the greater Washington, DC area, DC Magazine has honored Progressions salon spa store in the Dynamic Women of 2021 issue celebrating “Influential Women of Style.” DC Magazine is the Capitol’s leading lifestyle brand and publication. The article mentions how the Progressions team’s success lies in the fact that each member has an authentic desire to improve the lives of others and to be of service by creating lasting relationships with their clients.
Voted Best Salon in Rockville/North Bethesda by Bethesda Magazine readers, Progressions salon spa store is a winner of the Best of Bethesda 2022 Readers Poll.
“We are thrilled to receive these outstanding awards,” notes Progressions salon spa store founder and owner Cindy Feldman, who is also a board member and treasurer of the Professional Beauty Association. “As we enter our 38th year of business here in the metro DC area, our talented team of artists and professionals continues to pride itself in the finest of service to each and every guest — each and every visit.”
Cindy Feldman is the founder, owner and business director of Progressions salon spa store, a full-service salon in North Bethesda, Maryland. As an industry leader in salon management, Ms. Feldman has grown Progressions salon to a 9,000-square-foot retail space, and manages over 40 award-winning stylists, colorists, manicurists, nail technicians, estheticians and customer service employees. Progressions has been honored with numerous awards from SALON TODAY 200, DC Magazine, The Washington Post, Washingtonian Magazine, Allure Magazine, Bethesda Magazine, Montgomery Magazine and Rockville Chamber of Commerce.
ABOUT PROGRESSIONS SALON SPA STORE
Founded by Cindy Feldman in 1984, Progressions salon spa store is a prestigious full-service, award-winning salon celebrating 37 years in the Washington, DC area. The salon offers top-of-the-line hair and spa services with the highest commitment to excellence and guest satisfaction. Founder and owner Cindy Feldman has grown the 9,000-square-foot space to create a world-class retreat offering unparalleled service, sophistication and serenity for the salon’s metro Washington, DC clientele. Ms. Feldman is a board member and treasurer of the Professional Beauty Association, and member of the Montgomery County Public Schools Cosmetology Advisory Committee. Progressions partners with many industry organizations to help support and advance the local community. For more information, visit www.progressions.com.
If you were not able to to join us for yesterday’s Lunch and Learn with Longman & Van Grack, we have a recorded copy here for you.
Our speakers, Robb Longman and Adam Van Grack presented on the ‘Top 10 Legal Advise List for Businesses’. Whether you are a new business owner or a seasoned entrepreneur, there is something for everyone in this presentation.
Longman & Van Grack is a sophisticated law firm that serves the needs of individuals, businesses, and non-profits that have legal problems and concerns. With many decades of combined experience practicing law in Maryland and Washington DC, their attorneys regularly represent clients in the areas of business law, civil litigation, tax law, estate planning, property law, contracts, appeals, legal ethics, and recreation law. Within these legal areas, aside from successfully representing many clients, their attorneys have also been elected to head state/national bar association committees, been appointed by governors to state-wide commissions, served as expert witnesses, and taught legal courses as university professors.
Article submitted by Geneva Day School
Cookies emblazoned with #1, colorful balloons, and special signage. . . Such fanfare defines Geneva Day School’s celebration of the thrilling announcement that readers of “Bethesda Magazine” have again recognized it as “Best Preschool” and for a first time, dubbed Geneva Summer Program “Best Summer Program.”
Over the moon to receive these distinctions, Geneva heartily thanks all family, friends, and neighbors for this expression of support. Truly, #GDSSpirit runs strong when there is so much for which the school is grateful.
This spring, gratitude also goes to the spectacular Parents’ Association (GPA), which hosts an Online Auction set to benefit the school’s needs. Thoughtful donations pour in: wine baskets, an oil painting, other artisanal pieces, experiences, and so much more.
Two breathtaking, handcrafted works are the result of soldering excess stained glass from the windows of Geneva Presbyterian Church, which serves as the site of the school, having founded it in 1965 as one of its missions. . . Bidding is set for this March 28 – April 3.
Although Geneva remains a non-denominational, traditional preschool, it is infused with “stained glass radiance.” As of March, the school, the parents, and the church collaborate on a humanitarian aid project to assist compromised mothers and children within the Ukraine and at its borders.
Yet perhaps it is the upcoming Summer Program where #GDSSpirit acquires its most jubilant decibels. Nine weeks of irresistible themes, outdoor recreation, and exploration of an enchanting, nearby creek have everyone exclaiming “hooray!”
Summer Program Director, Ms. Daisy Lizama states: “(This is) a phenomenal experience that warms the heart. . . The kids engage in different activities that are all hands on, educational, and fun. . . They are not only engaging for children, but also for staff and volunteers.”
Just as Geneva looks forward to offering its award-winning program to those lucky enough to have snagged a spot within the first weeks of enrollment (slots went quickly!), the program can’t wait to welcome a new batch of counselors who are keen to take the lead for a summer of meaningful responsibility and fun.
Local middle and high school students with experience in childcare and a passion for the out-of-doors should consider applying. A lifelong love of learning really does begin in a #GDSSpirit summer!
Please contact Summer Program Director Ms. Daisy Lizama.
Please find the following responses to some frequently asked questions below:
If a PPP borrower is unable to seek forgiveness, is asked to pay back the loan on terms, and subsequently defaults, the Lender should make every attempt to collect available funds to reduce the loan balance. If the Lender has the right of offset, it should exercise that right and offset legally available funds. SBA expects Lenders to protect our position and theirs to recover whatever funds they are entitled to.
SBA issued Procedural Notice 5000-827666, SBA Loan Reviews of Paycheck Protection Program Lender Partial Approval Forgiveness Decisions, on January 27, 2022. In it we described the new rule that allows borrowers who have received partial forgiveness, but have not had the benefit of a manual review by SBA, to ask SBA to conduct a review.
Please note that at this time, the module to accept these requests in the Paycheck Protection Program Platform is currently under development and therefore SBA cannot accept these requests.
At this time, SBA expects lenders to notify borrowers of this right as outlined in the notice. As soon as the new module is operational, SBA will issue another platform notification. At that time, lenders will be able to enter ALL requests received to date. Please note that SBA is aware that this situation affects the time guidelines stated in the notice. Until the platform is fully functional, as long as the lender received the request from the borrower within the prescribed 30 days, SBA will accept the request for manual review, understanding that it wasn’t possible for the lender to submit the request.
Please note, it is not necessary to email or notify SBA that you have received a request from a borrower. SBA will honor the requests when the platform module is complete.
SBA Loan Reviews of Paycheck Protection Program Lender Partial Approval Forgiveness Decisions
Lenders are encouraged to work with borrowers to allow for maximum flexibility in repayment of any outstanding balance of a PPP loan. Lenders should consult SOP 50 57 2, 7(a) Loan Servicing and Liquidation, for applicable SBA Loan Program Requirements regarding loan modifications, including extensions of maturity.
The maturity date of a PPP loan may be extended for up to 10 years beyond its original maturity date if the extension is granted before the SBA loan guaranty expires (i.e., less than 180 calendar days after the original maturity date) and the extension will aid in the orderly repayment of the loan.
After a Lender receives a PPP forgiveness remittance from SBA, if no loan balance remains, the Lender must report the PPP loan as paid in full on the next SBA Form 1502 report. If a loan balance remains after a Lender receives a PPP forgiveness remittance from SBA, the Lender must report the reduction in the loan balance for the forgiveness amount on the next SBA Form 1502 report and must service the remaining balance of the loan in accordance with PPP requirements. The Lender must continue to submit a monthly SBA Form 1502 report on each loan until it is either paid in full or charged off. The Lender must wait to receive the PPP forgiveness remittance from SBA before submitting a 1502 report showing the PPP loan as paid in full or a balance reduction due to forgiveness. Premature 1502 reporting of forgiveness will cause the Lender’s forgiveness remittance from SBA, if any, to fail validation, because the SBA system must reflect the available funds.
If SBA identifies during a post forgiveness review that a loan should not have been forgiven, it will notify the lender that it has either identified that the loan was not eligible or that SBA has identified fraud. At that time the lender will receive instructions for clawing back the funds. The lender will be expected to make every effort to recover the forgiveness funds from the borrower. Ultimately, in most cases, SBA will work with the lender to convert the forgiveness decision to a guaranty purchase once SBA and the Lender have established that funds cannot be clawed back.
Borrowers have the right to ask for forgiveness after the guaranty purchase on PPP loans. Lenders must accept that request, review it, and ultimately submit it to SBA for consideration. SBA is currently working to develop a process to allow the forgiveness request to be entered into the PPP Platform after guaranty purchase has occurred. Once SBA reviews and concurs with the forgiveness requests, SBA will then convert the guaranty purchase to a forgiveness decision. Lenders should note that they are still responsible for processing the forgiveness decision even after SBA has honored the guaranty.
No. This is not necessary, and in fact makes the process more complicated for SBA and the Lenders. Lenders should submit the forgiveness request. SBA will review the hold codes and work with the Lenders at that time to determine if the hold codes can be resolved.
Lenders should use the pay.gov system to remit funds received for PPP Loans after Guaranty Purchase using the SBA Form 172. When submitting the payment, Lenders should select “Payroll Protection Program (PPP)” from the four choices listed under the Type of Payment. This will allow for the 100% guarantee and for 100% of the payment to be applied to the loan.
