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PPP Loan Data — Emergency Hospital Systems, LLC, Cleveland, TX

SBA PPP loan data, payroll data, and salaries for Emergency Hospital Systems, LLC
TX

Emergency Hospital Systems, LLC

Entity: Limited Liability Company (LLC)

Industry: General Medical and Surgical Hospitals

Location: Cleveland, TX

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Emergency Hospital Systems, LLC is a limited liability company (LLC) located at 1017 S Travis Ave in Cleveland, Texas that received a Coronavirus-related PPP loan from the SBA of $3,451,100.00 in April, 2020.

$ PPP Loan Information
Loan #1505677203

Loan Size:

$3.45M

Jobs Retained:

299

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Wallis Bank

Emergency Hospital Systems, LLC in Cleveland, TX received a Paycheck Protection Loan of $3.45M through Wallis 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, Emergency Hospital Systems, LLC's 2019 payroll expenses are estimated to be at least $16.57M.

Based on their reported 299 jobs retained, this equals an estimated average yearly compensation of $55,402 per employee1

Reported PPP Proceed Usage:

On the PPP application, Emergency Hospital Systems, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,588,325
  • Rent: $862,775
Because the loan received by Emergency Hospital Systems, LLC 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 - Emergency Hospital Systems, LLC in Cleveland, TX

Emergency Hospital Systems, LLC
1017 S Travis Ave
Cleveland, TX 77327

Business Industry:
General Medical and Surgical Hospitals
NAICS code 622110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Liberty County, TX — SBA Office 0671 — Congressional District: TX-36

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Emergency Hospital Systems, LLC.

Cleveland Specialty Group, Inc
Offices of Physicians (except Mental Health Specialists)

$20,800 PPP Loan

Similar Companies near Cleveland

In the Cleveland area, 3 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 299) and received an average PPP loan of $1,182,044 (compared to this company's $3.45M).

Industry PPP Comparison Statistics

Nationwide, 9,170 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3.57B 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 36 employees, 88% lower than Emergency Hospital Systems, LLC's reported 299 employees, and received an average PPP loan of $389,204, 89% lower than this company's loan of $3.45M.

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.


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Source: www.federalpay.org/paycheck-protection-program/emergency-hospital-systems-llc-cleveland-tx