PPP Loan Data — S P J S T Rest Homes, Taylor, TX
S P J S T Rest Homes
Entity: Non-profit Organization
Location: Taylor, TXTweet This • Search All PPP Data
S P J S T Rest Homes is a non-profit organization located at 1810 Old Granger in Taylor, Texas that received a Coronavirus-related PPP loan from the SBA of $1,580,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
S P J S T Rest Homes in Taylor, TX received a Paycheck Protection Loan of $1.58M through Truist Bank d/b/a Branch Banking & Trust Co, 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, S P J S T Rest Homes' 2019 payroll expenses are estimated to be at least $7.59M.
Based on their reported 301 jobs retained, this equals an estimated average yearly compensation of $25,206 per employee1
Reported PPP Proceed Usage:
On the PPP application, S P J S T Rest Homes reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,580,600
Business Information - S P J S T Rest Homes in Taylor, TX
1810 Old Granger
Taylor, TX 76574
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: Y
Rural / Urban: Urban
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, 80% lower than S P J S T Rest Homes' reported 301 employees, and received an average PPP loan of $442,944, 72% lower than this company's loan of $1.58M.
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Footnotes & Information
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