PPP Loan Data — Hope Pediatrics LLC, Dallas, TX
Hope Pediatrics LLC
Entity: Limited Liability Company (LLC)
Location: Dallas, TXTweet This • Search All PPP Data
Hope Pediatrics LLC is a limited liability company (LLC) located at 1420 W Mockingbird Ln Ste 550 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,535,200.00 in April, 2020.
$ PPP Loan Information
Hope Pediatrics LLC received a Paycheck Protection Loan of $3.54M through VALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hope Pediatrics LLC's total 2019 payroll expenses were approximately $16.97M in order to qualify for the PPP loan amount received.
Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $49,909 per employee1.
Business Information - Hope Pediatrics LLC in Dallas, TX
1420 W Mockingbird Ln Ste 550
Dallas, TX 75247
Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-30
Similar Companies near Dallas
In the Dallas area, 12 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 340) and received an average PPP loan of $823,520 (compared to this company's $3.54M).
Similar Nearby Businesses Who Received PPP Funding:
Glass Health Consultants
Living Well Dallas, Inc.
Lankford Hand Surgery Association
Neurovative Diagostics, LLC
Nourished Counseling, LLC
Mandela Nelson 46664 Madiba For Aids & Hiv Universe
Cardiovascular Provider Resources Inc
Beyerhaus Enterprises, Inc
Industry PPP Comparison Statistics
Nationwide, 30,902 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $1,607,882,026.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Hope Pediatrics LLC's reported 340 employees, and received an average PPP loan of $52,032, 99% lower than this company's loan of $3.54M.
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.
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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