PPP Loan Data — Community Health Center Of Lubbock Inc, Lubbock, TX
Community Health Center Of Lubbock Inc is a non-profit organization located at 1610 5th St in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $1,625,500.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 130 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First United Bank
Community Health Center Of Lubbock Inc in Lubbock, TX received a Paycheck Protection Loan of $1.63M through First United Bank, which was approved in April, 2020.
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, Community Health Center Of Lubbock Inc's 2019 payroll expenses are estimated to be at least $7.8M.
Based on their reported 130 jobs retained, this equals an estimated average yearly compensation of $60,018 per employee1
Reported PPP Proceed Usage:
On the PPP application, Community Health Center Of Lubbock Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,625,500
Business Information - Community Health Center Of Lubbock Inc in Lubbock, TX
1610 5th St
Lubbock, TX 79401
Administration of Public Health Programs
NAICS code 923120
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,012 businesses in the "Administration of Public Health Programs" industry received a total of $160.1M 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 16 employees, 88% lower than Community Health Center Of Lubbock Inc's reported 130 employees, and received an average PPP loan of $158,200, 90% lower than this company's loan of $1.63M.
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Footnotes & Information
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