PPP Loan Data — Therapeutic Solutions, Inc., Webster, TX
Therapeutic Solutions, Inc.
Entity: Subchapter S Corporation
Location: Webster, TXTweet This • Search All PPP Data
Therapeutic Solutions, Inc. is a subchapter s corporation located at 907 Bay Star Blvd in Webster, Texas that received a Coronavirus-related PPP loan from the SBA of $105,400.00 in May, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Therapeutic Solutions, Inc. received a Paycheck Protection Loan of $105,400 through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.
Based on standard PPP eligibility rules, Therapeutic Solutions, Inc.'s total 2019 payroll expenses were approximately $505,920 in order to qualify for the PPP loan amount received.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $50,592 per employee1.
Business Information - Therapeutic Solutions, Inc. in Webster, TX
907 Bay Star Blvd
Webster, TX 77598
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS code 423450)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-22
Similar Companies near Webster
In the Webster area, 4 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 10) and received an average PPP loan of $895,965 (compared to this company's $105,400).
Similar Nearby Businesses Who Received PPP Funding:
Webster Surgery Speciality Hospital, LTD
RES & Kjg Management Company, LLC
American Medical Products Of Texas Inc
Industry PPP Comparison Statistics
Nationwide, 8,635 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1,055,539,669.00 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 9 employees, 10% lower than Therapeutic Solutions, Inc.'s reported 10 employees, and received an average PPP loan of $122,240, 16% higher than this company's loan of $105,400.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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.
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