PPP Loan Data — Low-T Centers Inc, Southlake, TX
Low-T Centers Inc is a corporation located at 1920 E State Highway 114 in Southlake, Texas that received a Coronavirus-related PPP loan from the SBA of $4,976,700.00 in April, 2020.
$ PPP Loan Information
Low-T Centers Inc received a Paycheck Protection Loan of $4.98M through PINNACLE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Low-T Centers Inc's total 2019 payroll expenses were approximately $23.89M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $51,372 per employee1.
Business Information - Low-T Centers Inc in Southlake, TX
1920 E State Highway 114
Southlake, TX 76092
Offices of Physicians, Mental Health Specialists (NAICS code 621112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Southlake
In the Southlake area, 13 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 465) and received an average PPP loan of $407,043 (compared to this company's $4.98M).
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Industry PPP Comparison Statistics
Nationwide, 13,272 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1,260,960,972.00 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 8 employees, 98% lower than Low-T Centers Inc's reported 465 employees, and received an average PPP loan of $95,009, 98% lower than this company's loan of $4.98M.
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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