PPP Loan Data — CAL-Tex Restaurants Inc.,
Katy, TX
CAL-Tex Restaurants Inc.
Entity: Subchapter S Corporation
Industry: Limited-Service Restaurants
Location: Katy, TX

CAL-Tex Restaurants Inc. is a subchapter s corporation located at 21734 Provincial Road #250 in Katy, Texas that received a Coronavirus-related PPP loan from the SBA of $2,539,270.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-28Lender:
FIRST BANK OF THE LAKECAL-Tex Restaurants Inc. in Katy, TX received a Paycheck Protection Loan of $2.54M through FIRST BANK OF THE LAKE, which was approved in April, 2020.
Based on standard PPP eligibility rules, CAL-Tex Restaurants Inc.'s total 2019 payroll expenses were approximately $12.19M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $24,377 per employee1.
Business Information - CAL-Tex Restaurants Inc. in Katy, TX
21734 Provincial Road #250
Katy, TX 77450
Business Industry
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-07Similar Companies near Katy
In the Katy area, 16 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 500) and received an average PPP loan of $216,845 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
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Katy, TX
Lava Beauteaful International Group LLC
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Mason Pizza Inc
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Mason Road Management Company LLC
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Taquera Andrade Aguirre
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Lobo Capital LLC
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Dough Sweet Dough LLC
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Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than CAL-Tex Restaurants Inc.'s reported 500 employees, and received an average PPP loan of $120,904, 95% lower than this company's loan of $2.54M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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