PPP Loan Data — Centrade USA Inc, Houston, TX
Centrade USA Inc is a corporation located at 1210 Clay St Ste. 26 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $45,857.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Centrade USA Inc in Houston, TX received a Paycheck Protection Loan of $45,857 through Origin Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Centrade USA Inc's 2019 payroll expenses are estimated to be at least $220,114.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,371 per employee1
Reported PPP Proceed Usage:
On the PPP application, Centrade USA Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,857
Business Information - Centrade USA Inc in Houston, TX
1210 Clay St Ste. 26
Houston, TX 77019
Custom Computer Programming Services
NAICS code 541511
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 18 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $31,797 (compared to this company's $45,857).
Similar Nearby Businesses Who Received PPP Funding:
Arch Aerial LLC
Kubis Interactive Inc
KRH Computer Solutions Inc
Flywheel Design LLC
Leap Rail, Inc
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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 10 employees, 233% higher than Centrade USA Inc's reported 3 employees, and received an average PPP loan of $153,857, 236% higher than this company's loan of $45,857.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!