PPP Loan Data — 1960 Physician Associates, Houston, TX
1960 Physician Associates
Entity: Non-profit Organization
Location: Houston, TXTweet This • Search All PPP Data
1960 Physician Associates is a non-profit organization located at 8378 Cypress Creek Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,750,000.00 in April, 2020.
$ PPP Loan Information
1960 Physician Associates in Houston, TX received a Paycheck Protection Loan of $2.75M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, 1960 Physician Associates' total 2019 payroll expenses were approximately $13.2M in order to qualify for the PPP loan amount received.
Based on their reported 216 jobs retained, this equals an estimated average yearly compensation of $61,111 per employee1.
Business Information - 1960 Physician Associates in Houston, TX
8378 Cypress Creek Rd
Houston, TX 77090
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-18
Similar Companies near Houston
In the Houston area, 38 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 216) and received an average PPP loan of $204,932 (compared to this company's $2.75M).
Similar Nearby Businesses Who Received PPP Funding:
New Horizon Hospital LLC
Nneka Edokpayi, MD PLLC
S D Khan, MD, PA
Robert Dickey Peterson, MD LTD
North Houston Nephrology & Diagnostic
Denise I Leonard MD PA
Lorenzo Lorente MD
Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 95% lower than 1960 Physician Associates' reported 216 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.75M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!