PPP Loan Data — CAD / Cam Services, Celina, TX
CAD / Cam Services is a corporation located at 1529 Brook Ln in Celina, Texas that received a Coronavirus-related PPP loan from the SBA of $25,335.00 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 Status:Ongoing Loan
CAD / Cam Services in Celina, TX received a Paycheck Protection Loan of $25,335 through Independent Bank, which was approved in January, 2021.
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, CAD / Cam Services' 2019 payroll expenses are estimated to be at least $121,608.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,804 per employee1
Reported PPP Proceed Usage:
On the PPP application, CAD / Cam Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,335
Business Information - CAD / Cam Services in Celina, TX
1529 Brook Ln
Celina, TX 75009
NAICS code 541330
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Celina
In the Celina area, 3 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $26,445 (compared to this company's $25,335).
Similar Nearby Businesses Who Received PPP Funding:
Frame Design & Consulting Inc
Impact Circuit Designs Inc
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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, 550% higher than CAD / Cam Services' reported 2 employees, and received an average PPP loan of $194,873, 669% higher than this company's loan of $25,335.
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Footnotes & Information
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