PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Spindletop Mhmr Services, Beaumont, TX

SBA PPP loan data, payroll data, and salaries for Spindletop Mhmr Services
TX Nonprofit Organization

Spindletop Mhmr Services

Entity: Non-profit Organization

Industry: Outpatient Mental Health and Substance Abuse Centers

Location: Beaumont, TX

Search All PPP Data

Spindletop Mhmr Services is a non-profit organization located at 3846 Po Box in Beaumont, Texas that received a Coronavirus-related PPP loan from the SBA of $4,443,478.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$4.44M

Jobs Retained:

494

Loan Approved:

2020-05-07

Lender:

FIRST FINANCIAL BANK, NATIONAL ASSOCIATION

Spindletop Mhmr Services in Beaumont, TX received a Paycheck Protection Loan of $4.44M through FIRST FINANCIAL BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Spindletop Mhmr Services' total 2019 payroll expenses were approximately $21.33M in order to qualify for the PPP loan amount received.

Based on their reported 494 jobs retained, this equals an estimated average yearly compensation of $43,175 per employee1.

Because the loan received by Spindletop Mhmr Services 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 - Spindletop Mhmr Services in Beaumont, TX

Spindletop Mhmr Services
3846 Po Box
Beaumont, TX 77704

Business Industry

Outpatient Mental Health and Substance Abuse Centers (NAICS code 621420)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-14

Industry PPP Comparison Statistics

Nationwide, 5,494 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1,342,170,180.00 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 24 employees, 95% lower than Spindletop Mhmr Services' reported 494 employees, and received an average PPP loan of $244,297, 95% lower than this company's loan of $4.44M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/spindletop-mhmr-services-beaumont-tx