PPP Loan Data — Westlake Surgical, LP, Austin, TX
Westlake Surgical, LP is a partnership located at 5656 Beecaves Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $2,260,881.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Westlake Surgical, LP in Austin, TX received a Paycheck Protection Loan of $2.26M through BOC Bank, which was approved in April, 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, Westlake Surgical, LP's 2019 payroll expenses are estimated to be at least $10.85M.
Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $49,328 per employee1
Reported PPP Proceed Usage:
On the PPP application, Westlake Surgical, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,695,661
- Utilities: $282,610
- Mortgage Interest: $282,610
Business Information - Westlake Surgical, LP in Austin, TX
5656 Beecaves Rd
Austin, TX 78746
General Medical and Surgical Hospitals
NAICS code 622110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 10 businesses in the "General Medical and Surgical Hospitals" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 220) and received an average PPP loan of $713,555 (compared to this company's $2.26M).
Similar Nearby Businesses Who Received PPP Funding:
Jack Moncrief MD
Gaglani Medical Facilities LTD
BEE Cave Scoliosis Center
Greg Miller, Lmft, Cadc
Westlake Surgical LP
West Lake Hills, TX
Arise Healthcare System LLC
Arise Healthcare System,LLC
Michael P Vik
Industry PPP Comparison Statistics
Nationwide, 9,269 businesses in the "General Medical and Surgical Hospitals" industry received a total of $3.57B 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 36 employees, 84% lower than Westlake Surgical, LP's reported 220 employees, and received an average PPP loan of $385,289, 83% lower than this company's loan of $2.26M.
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Footnotes & Information
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