PPP Loan Data — PW Health Services LLC, Laredo, TX
PW Health Services LLC is a limited liability company (LLC) located at 615 A Gale St in Laredo, Texas that received a Coronavirus-related PPP loan from the SBA of $1,770,053.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Vantage Bank Texas
PW Health Services LLC in Laredo, TX received a Paycheck Protection Loan of $1.77M through Vantage Bank Texas, 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 March, 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, PW Health Services LLC's 2019 payroll expenses are estimated to be at least $8.5M.
Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $45,679 per employee1
Reported PPP Proceed Usage:
On the PPP application, PW Health Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,593,048
- Utilities: $177,005
Business Information - PW Health Services LLC in Laredo, TX
615 A Gale St
Laredo, TX 78041
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Laredo
In the Laredo area, 71 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 186) and received an average PPP loan of $221,647 (compared to this company's $1.77M).
Similar Nearby Businesses Who Received PPP Funding:
Divinas Manos Home Health LLC
Texas Provider Care, LLC
Nursing From The Heart Home Care Inc
Caridad Home Care Services LLC
M&J Primary Home Care LLC
At Your Service Home Health, Inc
Superior Care Home Health Services
Laredo Quality Home Health In
Right At Home Primary Home Care LLC
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 92% lower than PW Health Services LLC's reported 186 employees, and received an average PPP loan of $83,373, 95% lower than this company's loan of $1.77M.
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Footnotes & Information
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