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

PPP Loan Data — Balmorhea Music LLC, Austin, TX

ALERT: There are 2 PPP loans for a total of $52,837 in our database for businesses with the name "Balmorhea Music LLC" in Austin, 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 Balmorhea Music LLC
TX

Balmorhea Music LLC

Entity: Limited Liability Company (LLC)

Industry: Independent Artists, Writers, and Performers

Location: Austin, TX

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Balmorhea Music LLC is a limited liability company (LLC) located at 1204 Cloverleaf Dr in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $25,367.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #3179348306

Loan Size:

$25,367

Jobs Retained:

2

Loan Approved:

2021-01-21

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Balmorhea Music LLC in Austin, TX received a Paycheck Protection Loan of $25,367 through Wells Fargo Bank, National Association, 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.

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, Balmorhea Music LLC's 2019 payroll expenses are estimated to be at least $121,762.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,881 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $25,367

Business Information - Balmorhea Music LLC in Austin, TX

Balmorhea Music LLC
1204 Cloverleaf Dr
Austin, TX 78723

Business Industry:
Independent Artists, Writers, and Performers
NAICS code 711510

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Travis County, TX — SBA Office 0681 — Congressional District: TX-25

Similar Companies near Austin

In the Austin area, 46 businesses in the "Independent Artists, Writers, and Performers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $12,459 (compared to this company's $25,367).

Industry PPP Comparison Statistics

Nationwide, 99,116 businesses in the "Independent Artists, Writers, and Performers" industry received a total of $1.63B 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 2 employees, the same amount reported by Balmorhea Music LLC and received an average PPP loan of $16,422, 35% lower than this company's loan of $25,367.

SBA PPP loan data, payroll data, and salaries for Balmorhea Music LLC
TX

Balmorhea Music LLC

Entity: Limited Liability Company (LLC)

Industry: Musical Groups and Artists

Location: Austin, TX

Search All PPP Data

Balmorhea Music LLC is a limited liability company (LLC) located at 1204 Cloverleaf Drive in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $27,470.00 in May, 2020.

The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information
Loan #8257407401

Loan Size:

$27,470

Jobs Retained:

2

Loan Approved:

2020-05-18

Loan Status:

Ongoing Loan

Lender:

Wells Fargo Bank, National Association

Balmorhea Music LLC in Austin, TX received a Paycheck Protection Loan of $27,470 through Wells Fargo Bank, National Association, which was approved in May, 2020.

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.

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, Balmorhea Music LLC's 2019 payroll expenses are estimated to be at least $131,856.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $65,928 per employee1

Reported PPP Proceed Usage:

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

  • Payroll: $27,470

Business Information - Balmorhea Music LLC in Austin, TX

Balmorhea Music LLC
1204 Cloverleaf Drive
Austin, TX 78723

Business Industry:
Musical Groups and Artists
NAICS code 711130

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Travis County, TX — SBA Office 0681 — Congressional District: TX-25

Similar Companies near Austin

In the Austin area, 12 businesses in the "Musical Groups and Artists" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $12,032 (compared to this company's $27,470).

Industry PPP Comparison Statistics

Nationwide, 28,250 businesses in the "Musical Groups and Artists" industry received a total of $676.79M 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 3 employees, 50% higher than Balmorhea Music LLC's reported 2 employees, and received an average PPP loan of $23,957, 13% lower than this company's loan of $27,470.

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/balmorhea-music-llc-austin-tx