PPP Loan Data — Texas Radiology Associates, LLP, Plano, TX
Texas Radiology Associates, LLP
Location: Plano, TXTweet This • Search All PPP Data
Texas Radiology Associates, LLP is a partnership located at 1820 Preston Park Blvd, Suite 2400 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $2,783,600.00 in April, 2020.
The company has reported itself as an Asian owned business, and employed at least 66 people during the applicable loan loan period.
$ PPP Loan Information
Lender:EAST WEST BANK
Texas Radiology Associates, LLP received a Paycheck Protection Loan of $2.78M through EAST WEST BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 66 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 134.
Based on standard PPP eligibility rules, Texas Radiology Associates, LLP's total 2019 payroll expenses were approximately $13.36M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 66 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Texas Radiology Associates, LLP in Plano, TX
1820 Preston Park Blvd, Suite 2400
Plano, TX 75093
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: ASIAN
Veteran Status: UnreportedCongressional District: TX-03
Similar Companies near Plano
In the Plano area, 250 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 66) and received an average PPP loan of $111,789 (compared to this company's $2.78M).
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Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 85% lower than Texas Radiology Associates, LLP's reported 66 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.78M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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