PPP Loan Data — Helen Farabee Centers, Wichita Falls, TX
Helen Farabee Centers
Entity: Non-profit Organization
Location: Wichita Falls, TXTweet This • Search All PPP Data
Helen Farabee Centers is a non-profit organization located at 1000 Brook in Wichita Falls, Texas that received a Coronavirus-related PPP loan from the SBA of $2,197,230.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 270 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank
Helen Farabee Centers in Wichita Falls, TX received a Paycheck Protection Loan of $2.2M through First National 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, Helen Farabee Centers' 2019 payroll expenses are estimated to be at least $10.55M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $39,062 per employee1
Reported PPP Proceed Usage:
On the PPP application, Helen Farabee Centers reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,197,230
Business Information - Helen Farabee Centers in Wichita Falls, TX
Wichita Falls, TX 76301
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 11,274 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1.83B 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 18 employees, 93% lower than Helen Farabee Centers' reported 270 employees, and received an average PPP loan of $162,367, 93% lower than this company's loan of $2.2M.
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Footnotes & Information
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