PPP Loan Data — Sagora Senior Living, Inc, Fort Worth, TX
Sagora Senior Living, Inc is a corporation located at 801 Cherry St, Ste 2400 in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:BOKF, NATIONAL ASSOCIATION
Sagora Senior Living, Inc received a Paycheck Protection Loan of $10M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 249 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 480.
Based on standard PPP eligibility rules, Sagora Senior Living, Inc's total 2019 payroll expenses were approximately $48M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 249 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Sagora Senior Living, Inc in Fort Worth, TX
801 Cherry St, Ste 2400
Fort Worth, TX 76102
Lessors of Residential Buildings and Dwellings (NAICS code 531110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-12
Similar Companies near Fort Worth
In the Fort Worth area, 4 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 249) and received an average PPP loan of $2,919,650 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Gpif Brice Hotel Owner, LLC
Fort Worth, TX
FW Huntington Developments, LLC
Fort Worth, TX
Gpif A7 Westshore Operator LLC
Fort Worth, TX
Industry PPP Comparison Statistics
Nationwide, 20,568 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $1,664,555,814.00 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 8 employees, 97% lower than Sagora Senior Living, Inc's reported 249 employees, and received an average PPP loan of $80,929, 99% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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