PPP Loan Data — Paradigm Rehab & Healthcare, LLC, Tyler, TX
Paradigm Rehab & Healthcare, LLC is a subchapter s corporation located at 777 S Broadway Ave in Tyler, Texas that received a Coronavirus-related PPP loan from the SBA of $345,128.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 27 people during the applicable loan loan period.
$ PPP Loan Information
Paradigm Rehab & Healthcare, LLC received a Paycheck Protection Loan of $345,128 through SOUTHSIDE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Paradigm Rehab & Healthcare, LLC's total 2019 payroll expenses were approximately $1.66M in order to qualify for the PPP loan amount received.
Based on their reported 27 jobs retained, this equals an estimated average yearly compensation of $61,356 per employee1.
Business Information - Paradigm Rehab & Healthcare, LLC in Tyler, TX
777 S Broadway Ave
Tyler, TX 75701
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-01
Similar Companies near Tyler
In the Tyler area, 14 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 27) and received an average PPP loan of $392,552 (compared to this company's $345,128).
Similar Nearby Businesses Who Received PPP Funding:
Paradigm Rehab & Nursing, LP
Paradigm Health LLC
Phcs IV Inc
Infucare GP, Inc
Hospice Of East Texas
Unicare Home Health Services Of Tyler
Totalcare Comprehensive Home Health Supply, LTD
Fellowship Health Team LLC
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 26% higher than Paradigm Rehab & Healthcare, LLC's reported 27 employees, and received an average PPP loan of $212,236, 39% lower than this company's loan of $345,128.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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