PPP Loan Data — Special Health Resources For Texas, Inc, Longview, TX
Special Health Resources For Texas, Inc
Entity: Non-profit Organization
Location: Longview, TXTweet This • Search All PPP Data
Special Health Resources For Texas, Inc is a non-profit organization located at 410 N 4th St in Longview, Texas that received a Coronavirus-related PPP loan from the SBA of $1,964,598.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Texas Bank and Trust Company
Special Health Resources For Texas, Inc in Longview, TX received a Paycheck Protection Loan of $1.96M through Texas Bank and Trust Company, 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, Special Health Resources For Texas, Inc's 2019 payroll expenses are estimated to be at least $9.43M.
Based on their reported 207 jobs retained, this equals an estimated average yearly compensation of $45,556 per employee1
Reported PPP Proceed Usage:
On the PPP application, Special Health Resources For Texas, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,571,679
- Utilities: $200,000
- Rent: $192,919
Business Information - Special Health Resources For Texas, Inc in Longview, TX
410 N 4th St
Longview, TX 75601
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Longview
In the Longview area, 24 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 207) and received an average PPP loan of $138,829 (compared to this company's $1.96M).
Similar Nearby Businesses Who Received PPP Funding:
Pyramid Medical Management Services, LLC
East Texas Prosthetic-Orthotic Care, Inc
Sreeman Jampana MD PLLC
East Texas Plastic Surgery, LLP
April Gatson MD
East Texas Heart & Lung Clinic
Brookridge Internal Medicine Assoc., PA
Ancor Health Center PA
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than Special Health Resources For Texas, Inc's reported 207 employees, and received an average PPP loan of $119,087, 94% lower than this company's loan of $1.96M.
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Footnotes & Information
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