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PPP Loan Data — Propath Holdings, PLLC, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Propath Holdings, PLLC
TX

Propath Holdings, PLLC

Entity: Limited Liability Company (LLC)

Industry: Medical Laboratories

Location: Dallas, TX

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Propath Holdings, PLLC is a limited liability company (LLC) located at 1355 River Bend Dr in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $7,459,700.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 471 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$7.46M

Jobs Retained:

471

Loan Approved:

2020-04-03

Lender:

TEXAS SECURITY BANK

Propath Holdings, PLLC received a Paycheck Protection Loan of $7.46M through TEXAS SECURITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Propath Holdings, PLLC's total 2019 payroll expenses were approximately $35.81M in order to qualify for the PPP loan amount received.

Based on their reported 471 jobs retained, this equals an estimated average yearly compensation of $76,022 per employee1.

Because the loan received by Propath Holdings, PLLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Propath Holdings, PLLC in Dallas, TX

Propath Holdings, PLLC
1355 River Bend Dr
Dallas, TX 75247

Business Industry

Medical Laboratories (NAICS code 621511)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-30

Similar Companies near Dallas

In the Dallas area, 2 businesses in the "Medical Laboratories" industry received a PPP loan. These local businesses reported an average of 241 employees (compared to this company's 471) and received an average PPP loan of $3,773,040 (compared to this company's $7.46M).

Similar Nearby Businesses Who Received PPP Funding:

KAI Medical Laboratory LLC
Dallas, TX

$86,379 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,529 businesses in the "Medical Laboratories" industry received a total of $652,578,027.00 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 15 employees, 97% lower than Propath Holdings, PLLC's reported 471 employees, and received an average PPP loan of $184,919, 98% lower than this company's loan of $7.46M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/propath-holdings-pllc-dallas-tx