PPP Loan Data — Methodist Children's Home, Waco, TX
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
Lender:COMMUNITY BANK & TRUST, WACO, TEXAS
Methodist 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
Other Residential Care Facilities (NAICS code 623990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-17
Industry 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.
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Footnotes & Information
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