PPP Loan Data — Helena Laboratories Corporation, Beaumont, TX
Helena Laboratories Corporation is a corporation located at 1530 Lindbergh Dr in Beaumont, Texas that received a Coronavirus-related PPP loan from the SBA of $2,871,430.00 in April, 2020.
$ PPP Loan Information
Helena Laboratories Corporation in Beaumont, TX received a Paycheck Protection Loan of $2.87M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Helena Laboratories Corporation's total 2019 payroll expenses were approximately $13.78M in order to qualify for the PPP loan amount received.
Based on their reported 360 jobs retained, this equals an estimated average yearly compensation of $38,286 per employee1.
Business Information - Helena Laboratories Corporation in Beaumont, TX
1530 Lindbergh Dr
Beaumont, TX 77704
HMO Medical Centers (NAICS code 621491)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-14
Industry PPP Comparison Statistics
Nationwide, 742 businesses in the "HMO Medical Centers" industry received a total of $192,745,263.00 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 23 employees, 94% lower than Helena Laboratories Corporation's reported 360 employees, and received an average PPP loan of $259,765, 91% lower than this company's loan of $2.87M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!