PPP Loan Data — Urology Partners Of North Texas PLLC, Arlington, TX
Urology Partners Of North Texas PLLC
Entity: Limited Liability Company (LLC)
Location: Arlington, TXTweet This • Search All PPP Data
Urology Partners Of North Texas PLLC is a limited liability company (LLC) located at 5001 South Cooper Suite 201 in Arlington, Texas that received a Coronavirus-related PPP loan from the SBA of $1,807,870.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Veritex Community Bank
Urology Partners Of North Texas PLLC in Arlington, TX received a Paycheck Protection Loan of $1.81M through Veritex Community Bank, which was approved in April, 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 December, 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, Urology Partners Of North Texas PLLC's 2019 payroll expenses are estimated to be at least $8.68M.
Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $61,111 per employee1
Reported PPP Proceed Usage:
On the PPP application, Urology Partners Of North Texas PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,507,870
- Utilities: $50,000
- Rent: $200,000
- Debt Interest: $50,000
Business Information - Urology Partners Of North Texas PLLC in Arlington, TX
5001 South Cooper Suite 201
Arlington, TX 76014
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 Arlington
In the Arlington area, 97 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 142) and received an average PPP loan of $144,943 (compared to this company's $1.81M).
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Dana B Gibbs
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Optimal Pain & Regenerative Medicine, PLLC
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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 Urology Partners Of North Texas PLLC's reported 142 employees, and received an average PPP loan of $119,087, 93% lower than this company's loan of $1.81M.
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Footnotes & Information
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