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PPP Loan Data — Mental Health Care, Inc.,
Tampa, FL
Mental Health Care, Inc.
Entity: Non-profit Organization
Industry: Outpatient Mental Health and Substance Abuse Centers
Location: Tampa, FL
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Mental Health Care, Inc. is a non-profit organization located at 5707 N. 22nd St in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $3,517,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-05Lender:
THE BANK OF TAMPAMental Health Care, Inc. in Tampa, FL received a Paycheck Protection Loan of $3.52M through THE BANK OF TAMPA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mental Health Care, Inc.'s total 2019 payroll expenses were approximately $16.88M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $33,770 per employee1.
Business Information - Mental Health Care, Inc. in Tampa, FL
5707 N. 22nd St
Tampa, FL 33610
Business Industry
Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-14Similar Companies near Tampa
In the Tampa area, 2 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 251 employees (compared to this company's 500) and received an average PPP loan of $1,767,160 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
Mehra Vista Health LLC
Tampa, FL
Industry PPP Comparison Statistics
Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 95% lower than Mental Health Care, Inc.'s reported 500 employees, and received an average PPP loan of $244,297, 93% lower than this company's loan of $3.52M.
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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