PPP Loan Data — Civitas Senior Healthcare LLC, Ft Worth, TX
Civitas Senior Healthcare LLC is a limited liability company (LLC) located at 930 W 1st Street Ste 400 in Ft Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $1,772,815.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Civitas Senior Healthcare LLC in Ft Worth, TX received a Paycheck Protection Loan of $1.77M through Lakeside Bank, which was approved in June, 2020.
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
Understanding Payroll Estimates Based On PPP Amount
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, Civitas Senior Healthcare LLC's 2019 payroll expenses are estimated to be at least $8.51M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $80,278 per employee1
Reported PPP Proceed Usage:
On the PPP application, Civitas Senior Healthcare LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,772,815
Business Information - Civitas Senior Healthcare LLC in Ft Worth, TX
930 W 1st Street Ste 400
Ft Worth, TX 76102
Assisted Living Facilities for the Elderly
NAICS code 623312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ft Worth
In the Ft Worth area, 4 businesses in the "Assisted Living Facilities for the Elderly" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 106) and received an average PPP loan of $1,244,768 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
James L. West Presbyterian Special Care Center
Fort Worth, TX
Romans House, LLC
Fort Worth, TX
Civitas Senior Healthcare LLC
Fort Worth, TX
Industry PPP Comparison Statistics
Nationwide, 10,259 businesses in the "Assisted Living Facilities for the Elderly" industry received a total of $1.84B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 30 employees, 72% lower than Civitas Senior Healthcare LLC's reported 106 employees, and received an average PPP loan of $179,299, 90% lower than this company's loan of $1.77M.
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Footnotes & Information
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