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PPP Loan Data — Methodist Children's Home,
Waco, TX
Methodist Children's Home
Entity: Non-profit Organization
Industry: Other Residential Care Facilities
Location: Waco, TX
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Methodist Children's Home is a non-profit organization located at 1111 Herring Ave in Waco, Texas that received a Coronavirus-related PPP loan from the SBA of $3,426,130.00 in April, 2020.
The company has reported itself as a male owned non-profit, and employed at least 325 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
325Loan Approved:
2020-04-15Lender:
COMMUNITY BANK & TRUST, WACO, TEXASMethodist Children's Home received a Paycheck Protection Loan of $3.43M through COMMUNITY BANK & TRUST, WACO, TEXAS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Methodist Children's Home's total 2019 payroll expenses were approximately $16.45M in order to qualify for the PPP loan amount received.
Based on their reported 325 jobs retained, this equals an estimated average yearly compensation of $50,601 per employee1.
Business Information - Methodist Children's Home in Waco, TX
1111 Herring Ave
Waco, TX 76708
Business Industry
Other Residential Care Facilities (NAICS code 623990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: TX-17Industry PPP Comparison Statistics
Nationwide, 2,694 businesses in the "Other Residential Care Facilities" industry received a total of $666,350,372.00 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 29 employees, 91% lower than Methodist Children's Home's reported 325 employees, and received an average PPP loan of $247,346, 93% lower than this company's loan of $3.43M.
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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