PPP Loan Data — Central Texas Medical Specialists, PLLC, Austin, TX
Central Texas Medical Specialists, PLLC
Entity: Limited Liability Company (LLC)
Location: Austin, TXTweet This • Search All PPP Data
Central Texas Medical Specialists, PLLC is a limited liability company (LLC) located at 9715 Burnet Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $2,667,600.00 in April, 2020.
$ PPP Loan Information
Central Texas Medical Specialists, PLLC in Austin, TX received a Paycheck Protection Loan of $2.67M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Central Texas Medical Specialists, PLLC's total 2019 payroll expenses were approximately $12.8M in order to qualify for the PPP loan amount received.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $82,080 per employee1.
Business Information - Central Texas Medical Specialists, PLLC in Austin, TX
9715 Burnet Rd
Austin, TX 78758
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-10
Similar Companies near Austin
In the Austin area, 87 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 156) and received an average PPP loan of $267,250 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
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Austin Children's Clinic, PA
Dominion Medical Associates, PA
Shahnawaz MD Locums PLLC
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Elysian Plastic Surgery PLLC
Ellis Pediatrics, PA
PAul John, MD PA
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, 94% lower than Central Texas Medical Specialists, PLLC's reported 156 employees, and received an average PPP loan of $138,136, 95% 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.
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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