PPP Loan Data — Castlerock Communities, LP, Houston, TX
Castlerock Communities, LP
Entity: Limited Liability Partnership
Location: Houston, TXTweet This • Search All PPP Data
Castlerock Communities, LP is a limited liability partnership located at 2401 Fountain View Drive, Suite 215 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,423,224.00 in April, 2020.
$ PPP Loan Information
Lender:TEXAS CAPITAL BANK, NATIONAL ASSOCIATION
Castlerock Communities, LP received a Paycheck Protection Loan of $2.42M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Castlerock Communities, LP's total 2019 payroll expenses were approximately $11.63M in order to qualify for the PPP loan amount received.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $67,625 per employee1.
Business Information - Castlerock Communities, LP in Houston, TX
2401 Fountain View Drive, Suite 215
Houston, TX 77057
New Single-Family Housing Construction (except For-Sale Builders) (NAICS code 236115)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 27 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 172) and received an average PPP loan of $138,579 (compared to this company's $2.42M).
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HD King Enterprise, LLC
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Industry PPP Comparison Statistics
Nationwide, 64,726 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $3,790,773,096.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 97% lower than Castlerock Communities, LP's reported 172 employees, and received an average PPP loan of $58,566, 98% lower than this company's loan of $2.42M.
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.
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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