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PPP Loan Data — CON Mi Gente, Inc, Mission, TX

SBA PPP loan data, payroll data, and salaries for CON Mi Gente, Inc
TX

CON Mi Gente, Inc

Entity: Corporation

Industry: Home Health Care Services

Location: Mission, TX

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CON Mi Gente, Inc is a corporation located at 1616 E Griffin Pkwy Pmb 157 in Mission, Texas that received a Coronavirus-related PPP loan from the SBA of $3,236,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.24M

Jobs Retained:

500

Loan Approved:

2020-04-15

Lender:

PLAINSCAPITAL BANK

CON Mi Gente, Inc in Mission, TX received a Paycheck Protection Loan of $3.24M through PLAINSCAPITAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, CON Mi Gente, Inc's total 2019 payroll expenses were approximately $15.53M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $31,067 per employee1.

Because the loan received by CON Mi Gente, Inc 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 - CON Mi Gente, Inc in Mission, TX

CON Mi Gente, Inc
1616 E Griffin Pkwy Pmb 157
Mission, TX 78572

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-28

Similar Companies near Mission

In the Mission area, 32 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 148 employees (compared to this company's 500) and received an average PPP loan of $519,003 (compared to this company's $3.24M).

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 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 34 employees, 93% lower than CON Mi Gente, Inc's reported 500 employees, and received an average PPP loan of $212,236, 93% lower than this company's loan of $3.24M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/con-mi-gente-inc-mission-tx