PPP Loan Data — Solaris Healthcare, Inc, Decatur, TX
Solaris Healthcare, Inc is a subchapter s corporation located at 2250 S Fm 51 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
Lender:FIRST STATE BANK
Solaris Healthcare, Inc received a Paycheck Protection Loan of $4.01M through FIRST STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Solaris Healthcare, Inc's total 2019 payroll expenses were approximately $19.27M in order to qualify for the PPP loan amount received.
Based on their reported 386 jobs retained, this equals an estimated average yearly compensation of $49,918 per employee1.
Business Information - Solaris Healthcare, Inc in Decatur, TX
2250 S Fm 51
Decatur, TX 76234
Home Health Care Services (NAICS code 621610)
Business Owner Demographics
Race / Ethnicity: WHITE
Veteran Status: UnreportedCongressional District: TX-12
Industry PPP Comparison Statistics
Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 34 employees, 91% lower than Solaris Healthcare, Inc's reported 386 employees, and received an average PPP loan of $212,236, 95% lower than this company's loan of $4.01M.
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Footnotes & Information
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