PPP Loan Data — Bull Downey Consulting LLC, Magnolia, TX
Bull Downey Consulting LLC is a limited liability company (LLC) located at 28715 Diamond Creek Drive in Magnolia, Texas that received a Coronavirus-related PPP loan from the SBA of $47,143.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Capital One, National Association
Bull Downey Consulting LLC in Magnolia, TX received a Paycheck Protection Loan of $47,143 through Capital One, National Association, 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, Bull Downey Consulting LLC's 2019 payroll expenses are estimated to be at least $226,286.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,572 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bull Downey Consulting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,143
Business Information - Bull Downey Consulting LLC in Magnolia, TX
28715 Diamond Creek Drive
Magnolia, TX 77355
Other Management Consulting Services
NAICS code 541618
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Magnolia
In the Magnolia area, 42 businesses in the "Other Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $45,904 (compared to this company's $47,143).
Similar Nearby Businesses Who Received PPP Funding:
John M. Kowalyk
Kiva Consulting Inc
Enhanced Professional Services LLC
H5 Consulting LLC
Aneel Group LTD
Elan Energy Partners, LLC
Opidal Consulting LLC
The Woodlands, TX
Industry PPP Comparison Statistics
Nationwide, 84,014 businesses in the "Other Management Consulting Services" industry received a total of $3.74B 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 4 employees, the same amount reported by Bull Downey Consulting LLC and received an average PPP loan of $44,524, 6% lower than this company's loan of $47,143.
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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