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PPP Loan Data — Hospice Of East Texas,
Tyler, TX
Hospice Of East Texas
Entity: Non-profit Organization
Industry: Home Health Care Services
Location: Tyler, TX
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Hospice Of East Texas is a non-profit organization located at 4111 University Boulevard in Tyler, Texas that received a Coronavirus-related PPP loan from the SBA of $2,508,180.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
220Loan Approved:
2020-04-05Lender:
SOUTHSIDE BANKHospice Of East Texas in Tyler, TX received a Paycheck Protection Loan of $2.51M through SOUTHSIDE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hospice Of East Texas' total 2019 payroll expenses were approximately $12.04M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $54,724 per employee1.
Business Information - Hospice Of East Texas in Tyler, TX
4111 University Boulevard
Tyler, TX 75701
Business Industry
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: NON-VETERAN
Congressional District: TX-01Similar Companies near Tyler
In the Tyler area, 14 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 220) and received an average PPP loan of $392,552 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Paradigm Rehab & Healthcare, LLC
Tyler, TX
Paradigm Rehab & Nursing, LP
Tyler, TX
Infucare GP, Inc
Tyler, TX
Totalcare Comprehensive Home Health Supply, LTD
Tyler, TX
Home Aid Caregivers LTD
Tyler, TX
Allegiance Home Health Services, LLC
Tyler, TX
Fellowship Health Team LLC
Tyler, TX
Divine Health Care Services, Inc.
Tyler, TX
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 85% lower than Hospice Of East Texas' reported 220 employees, and received an average PPP loan of $212,236, 92% lower than this company's loan of $2.51M.
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.
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