PPP Loan Data — Mindpath Care Centers At Carolina Partners In Mental Healthc, Durham, NC
Mindpath Care Centers At Carolina Partners In Mental Healthc is a limited liability company (LLC) located at 5003 South Miami Blvd Ste 300 in Durham, North Carolina that received a Coronavirus-related PPP loan from the SBA of $1,608,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mindpath Care Centers At Carolina Partners In Mental Healthc in Durham, NC received a Paycheck Protection Loan of $1.61M through Towne Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Mindpath Care Centers At Carolina Partners In Mental Healthc's 2019 payroll expenses are estimated to be at least $7.72M.
Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $59,859 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mindpath Care Centers At Carolina Partners In Mental Healthc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,608,700
Business Information - Mindpath Care Centers At Carolina Partners In Mental Healthc in Durham, NC
5003 South Miami Blvd Ste 300
Durham, NC 27703
Office Administrative Services
NAICS code 561110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Durham
In the Durham area, 17 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 129) and received an average PPP loan of $176,471 (compared to this company's $1.61M).
Similar Nearby Businesses Who Received PPP Funding:
Marisol De La Cruz
Laurus Pariter Management Group Inc
Mindpath Support Services, Inc
Industry PPP Comparison Statistics
Nationwide, 44,947 businesses in the "Office Administrative Services" industry received a total of $2.36B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 95% lower than Mindpath Care Centers At Carolina Partners In Mental Healthc's reported 129 employees, and received an average PPP loan of $52,468, 97% lower than this company's loan of $1.61M.
FederalPay's PPP Information Policy
Footnotes & Information
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