PPP Loan Data — Texas Diabetes & Endocrinology, PA, Austin, TX
Texas Diabetes & Endocrinology, PA
Entity: Subchapter S Corporation
Location: Austin, TXTweet This • Search All PPP Data
Texas Diabetes & Endocrinology, PA is a subchapter s corporation located at 6500 North Mopac Bldg Iii, Suite 200 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $1,935,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Texas Diabetes & Endocrinology, PA in Austin, TX received a Paycheck Protection Loan of $1.94M through First-Citizens Bank & Trust Company, which was approved in April, 2020.
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, Texas Diabetes & Endocrinology, PA's 2019 payroll expenses are estimated to be at least $9.29M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $64,055 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texas Diabetes & Endocrinology, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,935,000
Business Information - Texas Diabetes & Endocrinology, PA in Austin, TX
6500 North Mopac Bldg Iii, Suite 200
Austin, TX 78731
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 105 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 145) and received an average PPP loan of $176,001 (compared to this company's $1.94M).
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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, 92% lower than Texas Diabetes & Endocrinology, PA's reported 145 employees, and received an average PPP loan of $119,087, 94% lower than this company's loan of $1.94M.
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Footnotes & Information
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