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PPP Loan Data — Alegre Home Health Care, LLC, Mission, TX

SBA PPP loan data, payroll data, and salaries for Alegre Home Health Care, LLC
TX

Alegre Home Health Care, LLC

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Mission, TX

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Alegre Home Health Care, LLC is a limited liability company (LLC) located at 2116 E Griffin Pkwy in Mission, Texas that received a Coronavirus-related PPP loan from the SBA of $2,668,600.00 in April, 2020.

The company has reported itself as a Hispanic female owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.67M

Jobs Retained:

500

Loan Approved:

2020-04-14

Lender:

LONE STAR NATIONAL BANK

Alegre Home Health Care, LLC in Mission, TX received a Paycheck Protection Loan of $2.67M through LONE STAR NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Alegre Home Health Care, LLC's total 2019 payroll expenses were approximately $12.81M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $25,619 per employee1.

Because the loan received by Alegre Home Health Care, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Alegre Home Health Care, LLC in Mission, TX

Alegre Home Health Care, LLC
2116 E Griffin Pkwy
Mission, TX 78572

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-15

Similar Companies near Mission

In the Mission area, 32 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 500) and received an average PPP loan of $519,003 (compared to this company's $2.67M).

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 34 employees, 93% lower than Alegre Home Health Care, LLC's reported 500 employees, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.67M.

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.

Search FederalPay's Full PPP Loan Database

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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/alegre-home-health-care-llc-mission-tx