PPP Loan Data — Truecore Behavioral Solutions, LLC, Tampa, FL
Truecore Behavioral Solutions, LLC is a limited liability company (LLC) located at 6302 Benjamin Road Suite 407 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in August, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:City National Bank of Florida
Truecore Behavioral Solutions, LLC in Tampa, FL received a Paycheck Protection Loan of $10M through City National Bank of Florida, which was approved in August, 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 July, 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, Truecore Behavioral Solutions, LLC's 2019 payroll expenses are estimated to be at least $48M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Truecore Behavioral Solutions, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,500,000
- Utilities: $2,500,000
Business Information - Truecore Behavioral Solutions, LLC in Tampa, FL
6302 Benjamin Road Suite 407
Tampa, FL 33634
Vocational Rehabilitation Services
NAICS code 624310
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,904 businesses in the "Vocational Rehabilitation Services" industry received a total of $877.92M 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 33 employees, 93% lower than Truecore Behavioral Solutions, LLC's reported 500 employees, and received an average PPP loan of $224,876, 98% lower than this company's loan of $10M.
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Footnotes & Information
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