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PPP Loan Data — Lubbock Regional Mental Health Mental Retardation Center,
Lubbock, TX
Lubbock Regional Mental Health Mental Retardation Center
Entity: Non-profit Organization
Industry: Psychiatric and Substance Abuse Hospitals
Location: Lubbock, TX
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Lubbock Regional Mental Health Mental Retardation Center is a non-profit organization located at 904 Avenue O in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $4,572,800.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 463 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
463Loan Approved:
2020-04-30Lender:
PROSPERITY BANKLubbock Regional Mental Health Mental Retardation Center received a Paycheck Protection Loan of $4.57M through PROSPERITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lubbock Regional Mental Health Mental Retardation Center's total 2019 payroll expenses were approximately $21.95M in order to qualify for the PPP loan amount received.
Based on their reported 463 jobs retained, this equals an estimated average yearly compensation of $47,407 per employee1.
Business Information - Lubbock Regional Mental Health Mental Retardation Center in Lubbock, TX
904 Avenue O
Lubbock, TX 79401
Business Industry
Psychiatric and Substance Abuse Hospitals (NAICS code 622210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: TX-19Industry PPP Comparison Statistics
Nationwide, 767 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $269,257,685.00 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 34 employees, 93% lower than Lubbock Regional Mental Health Mental Retardation Center's reported 463 employees, and received an average PPP loan of $351,053, 92% lower than this company's loan of $4.57M.
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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