PPP Loan Data — Associated Clinicians Of East Texas PLLC, Longview, TX
Associated Clinicians Of East Texas PLLC is a corporation located at 707 Hollybrook Dr in Longview, Texas that received a Coronavirus-related PPP loan from the SBA of $4,608,000.00 in April, 2020.
$ PPP Loan Information
Lender:AUSTIN BANK, TEXAS NATIONAL ASSOCIATION
Associated Clinicians Of East Texas PLLC in Longview, TX received a Paycheck Protection Loan of $4.61M through AUSTIN BANK, TEXAS NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Associated Clinicians Of East Texas PLLC's total 2019 payroll expenses were approximately $22.12M in order to qualify for the PPP loan amount received.
Based on their reported 378 jobs retained, this equals an estimated average yearly compensation of $58,514 per employee1.
Business Information - Associated Clinicians Of East Texas PLLC in Longview, TX
707 Hollybrook Dr
Longview, TX 75605
General Medical and Surgical Hospitals (NAICS code 622110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-01
Similar Companies near Longview
In the Longview area, 6 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 378) and received an average PPP loan of $925,750 (compared to this company's $4.61M).
Similar Nearby Businesses Who Received PPP Funding:
Hong-I Shen MD PA
Wallis Dermatology Associates, PLLC
Camp-Mack Enterprises, LLC
Everest Rehabilitation Hospital Longview, LLC
Beverly Advanced Practice Nursing, PLLC
Industry PPP Comparison Statistics
Nationwide, 6,339 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3,112,462,478.00 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 40 employees, 89% lower than Associated Clinicians Of East Texas PLLC's reported 378 employees, and received an average PPP loan of $491,002, 89% lower than this company's loan of $4.61M.
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.
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