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PPP Loan Data — Botello Builders Corporation,
Houston, TX
Botello Builders Corporation
Entity: Corporation
Industry: Poured Concrete Foundation and Structure Contractors
Location: Houston, TX
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Botello Builders Corporation is a corporation located at 13326 Ralph Culver Rd Unit 110 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $209,544.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #9109568304
Loan Size:
Jobs Retained:
15Loan Approved:
2021-01-30Loan Status:
Ongoing LoanLender:
First Financial Bank, National AssociationBotello Builders Corporation in Houston, TX received a Paycheck Protection Loan of $209,544 through First Financial 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 MoreUnderstanding 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 MoreBased 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, Botello Builders Corporation's 2019 payroll expenses are estimated to be at least $1.01M.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $67,054 per employee1
Reported PPP Proceed Usage:
On the PPP application, Botello Builders Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $209,540
- Utilities: $1
Business Information - Botello Builders Corporation in Houston, TX
13326 Ralph Culver Rd Unit 110
Houston, TX 77086
Business Industry:
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Botello Builders Corporation.
BBC Concrete LLC
Poured Concrete Foundation and Structure Contractors
Similar Companies near Houston
In the Houston area, 8 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 15) and received an average PPP loan of $236,978 (compared to this company's $209,544).
Similar Nearby Businesses Who Received PPP Funding:
Sahra Rayas
Houston, TX
Oscar Rayas
Houston, TX
BBC Concrete LLC
Houston, TX
David Ruiz
Houston, TX
Texan Pumpers Company, LLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 21,571 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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, 13% lower than Botello Builders Corporation's reported 15 employees, and received an average PPP loan of $139,812, 33% lower than this company's loan of $209,544.
Botello Builders Corporation
Entity: Corporation
Industry: Poured Concrete Foundation and Structure Contractors
Location: Houston, TX
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•
Search All PPP Data
Botello Builders Corporation is a corporation located at 13326 Ralph Culver Rd Ste 110 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $112,449.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least fourteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #9140477009
Loan Size:
Jobs Retained:
14Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
First Financial Bank, National AssociationBotello Builders Corporation in Houston, TX received a Paycheck Protection Loan of $112,449 through First Financial Bank, National Association, which was approved in April, 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 February, 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 MoreUnderstanding 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 MoreBased 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, Botello Builders Corporation's 2019 payroll expenses are estimated to be at least $539,755.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $38,554 per employee1
Reported PPP Proceed Usage:
On the PPP application, Botello Builders Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $84,337
- Utilities: $28,112
Business Information - Botello Builders Corporation in Houston, TX
13326 Ralph Culver Rd Ste 110
Houston, TX 77086
Business Industry:
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Race: Unreported
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 8 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 14) and received an average PPP loan of $236,978 (compared to this company's $112,449).
Similar Nearby Businesses Who Received PPP Funding:
Sahra Rayas
Houston, TX
Oscar Rayas
Houston, TX
BBC Concrete LLC
Houston, TX
David Ruiz
Houston, TX
Texan Pumpers Company, LLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 21,571 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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, 7% lower than Botello Builders Corporation's reported 14 employees, and received an average PPP loan of $139,812, 24% higher than this company's loan of $112,449.
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.
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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