PPP Loan Data — Radiant Care Hospice LLC, Colleyville, TX
Radiant Care Hospice LLC
Entity: Limited Liability Company (LLC)
Location: Colleyville, TXTweet This • Search All PPP Data
Radiant Care Hospice LLC is a limited liability company (LLC) located at 7137 Colleyville Blvd Ste 102 in Colleyville, Texas that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Radiant Care Hospice LLC in Colleyville, TX received a Paycheck Protection Loan of $47,000 through Origin Bank, which was approved in April, 2020.
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, Radiant Care Hospice LLC's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $15,040 per employee1
Reported PPP Proceed Usage:
On the PPP application, Radiant Care Hospice LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,250
- Utilities: $5,875
- Rent: $5,875
Business Information - Radiant Care Hospice LLC in Colleyville, TX
7137 Colleyville Blvd Ste 102
Colleyville, TX 76034
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Colleyville
In the Colleyville area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 15) and received an average PPP loan of $67,350 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
True Hearts & Hands Hospice LLC
Industry PPP Comparison Statistics
Nationwide, 15,360 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.8B 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 60 employees, 300% higher than Radiant Care Hospice LLC's reported 15 employees, and received an average PPP loan of $442,944, 842% higher than this company's loan of $47,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!