PPP Loan Data — Stillpoint Therapies, LLC, Tyler, TX
Stillpoint Therapies, LLC
Entity: Limited Liability Company (LLC)
Location: Tyler, TXTweet This • Search All PPP Data
Stillpoint Therapies, LLC is a limited liability company (LLC) located at 2469 Earl Campbell Pkwy Ste A in Tyler, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Austin Bank, Texas National Association
Stillpoint Therapies, LLC in Tyler, TX received a Paycheck Protection Loan of $25,000 through Austin Bank, Texas National Association, 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 February, 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, Stillpoint Therapies, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $15,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stillpoint Therapies, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Stillpoint Therapies, LLC in Tyler, TX
2469 Earl Campbell Pkwy Ste A
Tyler, TX 75701
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Tyler
In the Tyler area, 15 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 8) and received an average PPP loan of $39,524 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Marlin Dwayne Peace
J M Rowan Jr DDS MSD PLLC
Tyler Massage, LLC
Sophia L. Harkey
Chinese Massage LLC
L & L Isbell Enterprises LLC
Tyler Periodontics PLLC
Industry PPP Comparison Statistics
Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 38% lower than Stillpoint Therapies, LLC's reported 8 employees, and received an average PPP loan of $38,577, 54% higher than this company's loan of $25,000.
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