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PPP Loan Data — Lone Star Community Health Center Inc, Conroe, TX

SBA PPP loan data, payroll data, and salaries for Lone Star Community Health Center Inc
TX Nonprofit Organization

Lone Star Community Health Center Inc

Entity: Non-profit Organization

Industry: All Other Outpatient Care Centers

Location: Conroe, TX

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Lone Star Community Health Center Inc is a non-profit organization located at 605 S Conroe Medical Drive in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $2,611,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.61M

Jobs Retained:

186

Loan Approved:

2020-04-09

Lender:

ZIONS BANK, A DIVISION OF

Lone Star Community Health Center Inc in Conroe, TX received a Paycheck Protection Loan of $2.61M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lone Star Community Health Center Inc's total 2019 payroll expenses were approximately $12.53M in order to qualify for the PPP loan amount received.

Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $67,381 per employee1.

Because the loan received by Lone Star Community Health Center Inc 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 - Lone Star Community Health Center Inc in Conroe, TX

Lone Star Community Health Center Inc
605 S Conroe Medical Drive
Conroe, TX 77304

Business Industry

All Other Outpatient Care Centers (NAICS code 621498)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-08

Similar Companies near Conroe

In the Conroe area, 3 businesses in the "All Other Outpatient Care Centers" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 186) and received an average PPP loan of $915,857 (compared to this company's $2.61M).

Industry PPP Comparison Statistics

Nationwide, 5,588 businesses in the "All Other Outpatient Care Centers" industry received a total of $1,142,796,792.00 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 17 employees, 91% lower than Lone Star Community Health Center Inc's reported 186 employees, and received an average PPP loan of $204,509, 92% lower than this company's loan of $2.61M.

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.

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/lone-star-community-health-center-inc-conroe-tx