PPP Loan Data — Westlake Dermatology, PA, Austin, TX
Westlake Dermatology, PA
Location: Austin, TXTweet This • Search All PPP Data
Westlake Dermatology, PA is a corporation located at 8825 Bee Caves Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $2,635,743.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 220 people during the applicable loan loan period.
$ PPP Loan Information
Westlake Dermatology, PA in Austin, TX received a Paycheck Protection Loan of $2.64M through PLAINSCAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Westlake Dermatology, PA's total 2019 payroll expenses were approximately $12.65M in order to qualify for the PPP loan amount received.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $57,507 per employee1.
Business Information - Westlake Dermatology, PA in Austin, TX
8825 Bee Caves Rd
Austin, TX 78746
Offices of Physicians (except Mental Health Specialists) (NAICS code 621111)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-25
Similar Companies near Austin
In the Austin area, 115 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 220) and received an average PPP loan of $97,142 (compared to this company's $2.64M).
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Industry PPP Comparison Statistics
Nationwide, 114,302 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $15,789,256,580.00 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 10 employees, 95% lower than Westlake Dermatology, PA's reported 220 employees, and received an average PPP loan of $138,136, 95% lower than this company's loan of $2.64M.
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