PPP Loan Data — Global Nephrology & Hypertension Clinic, PLLC, Houston, TX
Global Nephrology & Hypertension Clinic, PLLC is a limited liability company (LLC) located at 2212 Diamond St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,036.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Global Nephrology & Hypertension Clinic, PLLC in Houston, TX received a Paycheck Protection Loan of $46,036 through Bank of America, National Association, which was approved in May, 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, Global Nephrology & Hypertension Clinic, PLLC's 2019 payroll expenses are estimated to be at least $220,973.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, Global Nephrology & Hypertension Clinic, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,036
Business Information - Global Nephrology & Hypertension Clinic, PLLC in Houston, TX
2212 Diamond St
Houston, TX 77018
Blood and Organ Banks
NAICS code 621991
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 728 businesses in the "Blood and Organ Banks" industry received a total of $231.67M 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 32 employees, 700% higher than Global Nephrology & Hypertension Clinic, PLLC's reported 4 employees, and received an average PPP loan of $318,234, 591% higher than this company's loan of $46,036.
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Footnotes & Information
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