PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Auravox LLC, Houston, TX

ALERT: There are 2 PPP loans for a total of $150,164 in our database for businesses with the name "Auravox LLC" in Houston, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Auravox LLC
TX

Auravox LLC

Entity: Limited Liability Company (LLC)

Industry: Telecommunications Resellers

Location: Houston, TX

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Auravox LLC is a limited liability company (LLC) located at 4151 Southwest Fwy Ste 507 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $86,250.00 in January, 2021.

$ PPP Loan Information
Loan #3070078304

Loan Size:

$86,250

Jobs Retained:

8

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Third Coast Bank SSB

Auravox LLC in Houston, TX received a Paycheck Protection Loan of $86,250 through Third Coast Bank SSB, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Auravox LLC's 2019 payroll expenses are estimated to be at least $414,000.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $51,750 per employee1

Reported PPP Proceed Usage:

On the PPP application, Auravox LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $86,249

Business Information - Auravox LLC in Houston, TX

Auravox LLC
4151 Southwest Fwy Ste 507
Houston, TX 77027

Business Industry:
Telecommunications Resellers
NAICS code 517911

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 2 businesses in the "Telecommunications Resellers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $53,215 (compared to this company's $86,250).

Similar Nearby Businesses Who Received PPP Funding:

UNS Inc
Houston, TX

$20,180 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,972 businesses in the "Telecommunications Resellers" industry received a total of $443.03M 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 13 employees, 63% higher than Auravox LLC's reported 8 employees, and received an average PPP loan of $149,067, 73% higher than this company's loan of $86,250.

SBA PPP loan data, payroll data, and salaries for Auravox LLC
TX

Auravox LLC

Entity: Limited Liability Company (LLC)

Industry: Data Processing, Hosting, and Related Services

Location: Houston, TX

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Auravox LLC is a limited liability company (LLC) located at 4151 Southwest Freeway Suite 507 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $63,914.00 in May, 2020.

$ PPP Loan Information
Loan #3773507400

Loan Size:

$63,914

Jobs Retained:

10

Loan Approved:

2020-05-08

Loan Status:

Paid in Full or Forgiven

Lender:

Wells Fargo Bank, National Association

Auravox LLC in Houston, TX received a Paycheck Protection Loan of $63,914 through Wells Fargo 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Auravox LLC's 2019 payroll expenses are estimated to be at least $306,787.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $30,679 per employee1

Reported PPP Proceed Usage:

On the PPP application, Auravox LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $63,914

Business Information - Auravox LLC in Houston, TX

Auravox LLC
4151 Southwest Freeway Suite 507
Houston, TX 77027

Business Industry:
Data Processing, Hosting, and Related Services
NAICS code 518210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 10 businesses in the "Data Processing, Hosting, and Related Services" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 10) and received an average PPP loan of $634,711 (compared to this company's $63,914).

Industry PPP Comparison Statistics

Nationwide, 10,054 businesses in the "Data Processing, Hosting, and Related Services" industry received a total of $1.51B 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 11 employees, 10% higher than Auravox LLC's reported 10 employees, and received an average PPP loan of $149,750, 134% higher than this company's loan of $63,914.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/auravox-llc-houston-tx