PPP Loan Data — Bencro Mechanical LLC, Huntsville, TX
Bencro Mechanical LLC is a corporation located at 50 Erin St in Huntsville, Texas that received a Coronavirus-related PPP loan from the SBA of $25,395.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Bencro Mechanical LLC in Huntsville, TX received a Paycheck Protection Loan of $25,395 through BBVA USA, 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
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, Bencro Mechanical LLC's 2019 payroll expenses are estimated to be at least $121,896.
Based on their reported 65 jobs retained, this equals an estimated average yearly compensation of $1,875 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bencro Mechanical LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,046
- Utilities: $3,174
- Mortgage Interest: $3,174
Business Information - Bencro Mechanical LLC in Huntsville, TX
50 Erin St
Huntsville, TX 77320
Construction Sand and Gravel Mining
NAICS code 212321
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Huntsville
In the Huntsville area, 2 businesses in the "Construction Sand and Gravel Mining" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 65) and received an average PPP loan of $15,731 (compared to this company's $25,395).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 6,468 businesses in the "Construction Sand and Gravel Mining" industry received a total of $541.46M 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 7 employees, 89% lower than Bencro Mechanical LLC's reported 65 employees, and received an average PPP loan of $83,714, 230% higher than this company's loan of $25,395.
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Footnotes & Information
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