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PPP Loan Data — Webster Surgery Speciality Hospital, LTD, Webster, TX

SBA PPP loan data, payroll data, and salaries for Webster Surgery Speciality Hospital, LTD
TX

Webster Surgery Speciality Hospital, LTD

Entity: Partnership

Industry: Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers

Location: Webster, TX

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Webster Surgery Speciality Hospital, LTD is a partnership located at 333 N Texas Ave in Webster, Texas that received a Coronavirus-related PPP loan from the SBA of $3,396,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.4M

Jobs Retained:

224

Loan Approved:

2020-04-11

Lender:

TEXAS HERITAGE NATIONAL BANK

Webster Surgery Speciality Hospital, LTD received a Paycheck Protection Loan of $3.4M through TEXAS HERITAGE NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Webster Surgery Speciality Hospital, LTD's total 2019 payroll expenses were approximately $16.3M in order to qualify for the PPP loan amount received.

Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $72,784 per employee1.

Because the loan received by Webster Surgery Speciality Hospital, LTD is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Webster Surgery Speciality Hospital, LTD in Webster, TX

Webster Surgery Speciality Hospital, LTD
333 N Texas Ave
Webster, TX 77598

Business Industry

Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers (NAICS code 423450)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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 224) and received an average PPP loan of $895,965 (compared to this company's $3.4M).

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, 96% lower than Webster Surgery Speciality Hospital, LTD's reported 224 employees, and received an average PPP loan of $122,240, 96% lower than this company's loan of $3.4M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/webster-surgery-speciality-hospital-ltd-webster-tx