PPP Loan Data — Texas Panhandle Mental Health Mental Retardation, Amarillo, TX
Texas Panhandle Mental Health Mental Retardation
Entity: Non-profit Organization
Location: Amarillo, TXTweet This • Search All PPP Data
Texas Panhandle Mental Health Mental Retardation is a non-profit organization located at 901 Wallace Blvd in Amarillo, Texas that received a Coronavirus-related PPP loan from the SBA of $1,583,000.00 in May, 2020.
The company has reported itself as a White female owned non-profit, and employed at least 270 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Amarillo National Bank
Texas Panhandle Mental Health Mental Retardation in Amarillo, TX received a Paycheck Protection Loan of $1.58M through Amarillo National Bank, which was approved in May, 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 Panhandle Mental Health Mental Retardation's 2019 payroll expenses are estimated to be at least $7.6M.
Based on their reported 270 jobs retained, this equals an estimated average yearly compensation of $28,142 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texas Panhandle Mental Health Mental Retardation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,583,000
Business Information - Texas Panhandle Mental Health Mental Retardation in Amarillo, TX
901 Wallace Blvd
Amarillo, TX 79106
Outpatient Mental Health and Substance Abuse Centers
NAICS code 621420
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Amarillo
In the Amarillo area, 3 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a PPP loan. These local businesses reported an average of 91 employees (compared to this company's 270) and received an average PPP loan of $535,035 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Lanelle Caddell, Lpc
JK Barton Inc
Industry PPP Comparison Statistics
Nationwide, 11,274 businesses in the "Outpatient Mental Health and Substance Abuse Centers" industry received a total of $1.83B 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 18 employees, 93% lower than Texas Panhandle Mental Health Mental Retardation's reported 270 employees, and received an average PPP loan of $162,367, 90% lower than this company's loan of $1.58M.
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