PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Central Texas Medical Specialists PLLC, Austin, TX

ALERT: There are 2 PPP loans for a total of $4.67M in our database for businesses with the name "Central Texas Medical Specialists PLLC" in Austin, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Central Texas Medical Specialists PLLC
TX

Central Texas Medical Specialists PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Austin, TX

Search All PPP Data

Central Texas Medical Specialists PLLC is a limited liability company (LLC) located at 9715 Burnet Rd Ste 200 Bldg 7 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $1,999,000.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least 154 people during the applicable loan loan period.

$ PPP Loan Information
Loan #8243788405

Loan Size:

$2M

Jobs Retained:

154

Loan Approved:

2021-02-13

Loan Status:

Ongoing Loan

Lender:

Frost Bank

Central Texas Medical Specialists PLLC in Austin, TX received a Paycheck Protection Loan of $2M through Frost Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Central Texas Medical Specialists PLLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $62,306 per employee1

Reported PPP Proceed Usage:

On the PPP application, Central Texas Medical Specialists PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,998,994
  • Utilities: $1

Business Information - Central Texas Medical Specialists PLLC in Austin, TX

Central Texas Medical Specialists PLLC
9715 Burnet Rd Ste 200 Bldg 7
Austin, TX 78758

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Travis County, TX — SBA Office 0681 — Congressional District: TX-10

Similar Companies near Austin

In the Austin area, 121 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 154) and received an average PPP loan of $251,708 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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 11 employees, 93% lower than Central Texas Medical Specialists PLLC's reported 154 employees, and received an average PPP loan of $119,313, 94% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Central Texas Medical Specialists, PLLC
TX

Central Texas Medical Specialists, PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Austin, TX

Search All PPP Data

Central Texas Medical Specialists, PLLC is a limited liability company (LLC) located at 9715 Burnet Rd Bldg 7 Suite 200 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $2,667,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 156 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7184667010

Loan Size:

$2.67M

Jobs Retained:

156

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

Frost Bank

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.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Central Texas Medical Specialists, PLLC's 2019 payroll expenses are estimated to be at least $12.8M.

Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $82,080 per employee1

Reported PPP Proceed Usage:

On the PPP application, Central Texas Medical Specialists, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,667,600
Because the loan received by Central Texas Medical Specialists, PLLC 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 - Central Texas Medical Specialists, PLLC in Austin, TX

Central Texas Medical Specialists, PLLC
9715 Burnet Rd Bldg 7 Suite 200
Austin, TX 78758

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Travis County, TX — SBA Office 0681 — Congressional District: TX-10

Similar Companies near Austin

In the Austin area, 121 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 156) and received an average PPP loan of $251,708 (compared to this company's $2.67M).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B 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 11 employees, 93% lower than Central Texas Medical Specialists, PLLC's reported 156 employees, and received an average PPP loan of $119,313, 96% 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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/central-texas-medical-specialists-pllc-austin-tx