PPP Loan Data — Vigor Healthcare LLC, Houston, TX
Vigor Healthcare LLC is a limited liability company (LLC) located at 9894 Bissonnet St Ste 585 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Vigor Healthcare LLC in Houston, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 February, 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, Vigor Healthcare LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $1,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vigor Healthcare LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $3,000
- Rent: $1,700
- Debt Interest: $300
Business Information - Vigor Healthcare LLC in Houston, TX
9894 Bissonnet St Ste 585
Houston, TX 77036
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 13 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 120) and received an average PPP loan of $93,105 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Chinese Community Center Inc
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Advanced Health & Rehab. Clinic
True Blue Non Medical Personal Care Etc
Asians Against Domestic Abuse
Divine Counseling Service LLC
Oneness Foundations Inc
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 87% lower than Vigor Healthcare LLC's reported 120 employees, and received an average PPP loan of $117,860, 371% higher than this company's loan of $25,000.
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Footnotes & Information
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