PPP Loan Data — Canfam Rocks, LLC, New Braunfels, TX
Canfam Rocks, LLC is a limited liability company (LLC) located at 904 Winding Oak in New Braunfels, Texas that received a Coronavirus-related PPP loan from the SBA of $25,430.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Moody National Bank
Canfam Rocks, LLC in New Braunfels, TX received a Paycheck Protection Loan of $25,430 through Moody National Bank, 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 December, 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, Canfam Rocks, LLC's 2019 payroll expenses are estimated to be at least $122,064.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $8,719 per employee1
Reported PPP Proceed Usage:
On the PPP application, Canfam Rocks, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,430
Business Information - Canfam Rocks, LLC in New Braunfels, TX
904 Winding Oak
New Braunfels, TX 78132
Fine Arts Schools
NAICS code 611610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near New Braunfels
In the New Braunfels area, 3 businesses in the "Fine Arts Schools" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 14) and received an average PPP loan of $13,774 (compared to this company's $25,430).
Similar Nearby Businesses Who Received PPP Funding:
ROB Van Haaren
New Braunfels, TX
Yeah Man Productions
New Braunfels, TX
Industry PPP Comparison Statistics
Nationwide, 15,142 businesses in the "Fine Arts Schools" industry received a total of $529.25M 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 8 employees, 43% lower than Canfam Rocks, LLC's reported 14 employees, and received an average PPP loan of $34,953, 37% higher than this company's loan of $25,430.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!