PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated April 5, 2023)

PPP Loan Data — Solaris Healthcare, Inc, Decatur, TX

SBA PPP loan data, payroll data, and salaries for Solaris Healthcare, Inc

Solaris Healthcare, Inc

Entity: Subchapter S Corporation

Industry: Home Health Care Services

Location: Decatur, TX

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Solaris Healthcare, Inc is a subchapter s corporation located at 2250 S Fm 51 Suite 400 in Decatur, Texas that received a Coronavirus-related PPP loan from the SBA of $4,014,200.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 386 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5579047007

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


First State Bank

Solaris Healthcare, Inc in Decatur, TX received a Paycheck Protection Loan of $4.01M through First State Bank, 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Solaris Healthcare, Inc's 2019 payroll expenses are estimated to be at least $19.27M.

Based on their reported 386 jobs retained, this equals an estimated average yearly compensation of $49,918 per employee1

Reported PPP Proceed Usage:

On the PPP application, Solaris Healthcare, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,612,780
  • Utilities: $50,000
  • Rent: $100,000
  • Health Care: $251,420
Because the loan received by Solaris Healthcare, Inc 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 - Solaris Healthcare, Inc in Decatur, TX

Solaris Healthcare, Inc
2250 S Fm 51 Suite 400
Decatur, TX 76234

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Wise County, TX — SBA Office 0610 — Congressional District: TX-26

Similar Companies near Decatur

In the Decatur area, 3 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 129 employees (compared to this company's 386) and received an average PPP loan of $1,340,570 (compared to this company's $4.01M).

Industry PPP Comparison Statistics

Nationwide, 87,561 businesses in the "Home Health Care Services" industry received a total of $7.57B 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 16 employees, 96% lower than Solaris Healthcare, Inc's reported 386 employees, and received an average PPP loan of $86,411, 98% lower than this company's loan of $4.01M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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