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PPP Loan Data — Empower Clinic Services, LLC, Houston, TX

SBA PPP loan data, payroll data, and salaries for Empower Clinic Services, LLC
TX

Empower Clinic Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Pharmacies and Drug Stores

Location: Houston, TX

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Empower Clinic Services, LLC is a limited liability company (LLC) located at 5980 W Sam Houston Pkwy N Ste 300 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,077,112.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least 342 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.08M

Jobs Retained:

342

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Empower Clinic Services, LLC received a Paycheck Protection Loan of $3.08M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Empower Clinic Services, LLC's total 2019 payroll expenses were approximately $14.77M in order to qualify for the PPP loan amount received.

Based on their reported 342 jobs retained, this equals an estimated average yearly compensation of $43,188 per employee1.

Because the loan received by Empower Clinic Services, 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 - Empower Clinic Services, LLC in Houston, TX

Empower Clinic Services, LLC
5980 W Sam Houston Pkwy N Ste 300
Houston, TX 77041

Business Industry

Pharmacies and Drug Stores (NAICS code 446110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 3 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 115 employees (compared to this company's 342) and received an average PPP loan of $1,034,964 (compared to this company's $3.08M).

Industry PPP Comparison Statistics

Nationwide, 14,099 businesses in the "Pharmacies and Drug Stores" industry received a total of $1,400,178,844.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 97% lower than Empower Clinic Services, LLC's reported 342 employees, and received an average PPP loan of $99,311, 97% lower than this company's loan of $3.08M.

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.

Search FederalPay's Full PPP Loan Database

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/empower-clinic-services-llc-houston-tx