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PPP Loan Data — Hope Pediatrics LLC, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Hope Pediatrics LLC
TX

Hope Pediatrics LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Dallas, TX

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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

Loan Size:

$3.54M

Jobs Retained:

340

Loan Approved:

2020-04-09

Lender:

VALLIANCE BANK

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.

Because the loan received by Hope Pediatrics 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 - Hope Pediatrics LLC in Dallas, TX

Hope Pediatrics LLC
1420 W Mockingbird Ln Ste 550
Dallas, TX 75247

Business Industry

Offices of All Other Miscellaneous Health Practitioners (NAICS code 621399)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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/hope-pediatrics-llc-dallas-tx