PPP Loan Data — Choice Education And Employment Services, Desoto, TX
Choice Education And Employment Services is a sole proprietorship located in Desoto, Texas that received a Coronavirus-related PPP loan from the SBA of $3,195.00 in February, 2021.
The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Itria Ventures LLC
Choice Education And Employment Services in Desoto, TX received a Paycheck Protection Loan of $3,195 through Itria Ventures LLC, which was approved in February, 2021.
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 September, 2021.
Reported PPP Proceed Usage:
On the PPP application, Choice Education And Employment Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,195
Business Information - Choice Education And Employment Services in Desoto, TX
* Full address is redacted to protect the privacy of individuals.
Elementary and Secondary Schools
NAICS code 611110
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Choice Education And Employment Services.
Offices of Physicians (except Mental Health Specialists)
Roderick E Mcdowell Jr
All Other Personal Services
All Other Personal Services
Automotive Body, Paint, and Interior Repair and Maintenance
Diane Antun Brown
Specialized Freight (except Used Goods) Trucking, Long-Distance
Other Clothing Stores
Similar Companies near Desoto
In the Desoto area, 10 businesses in the "Elementary and Secondary Schools" industry received a PPP loan. These local businesses reported an average of 70 employees (compared to this company's 1) and received an average PPP loan of $654,501 (compared to this company's $3,195).
Similar Nearby Businesses Who Received PPP Funding:
A Heart To Give Early Childhood Center
Desoto Private School + Day Care Center, Inc
Smithfield Learning Center, Inc
Eagle Advantage Schools, Inc
Nueva Vida New Life Assembly Inc DBA Nv Kids Academy
De Soto, TX
Thornbrook Learning Academy, Inc
Faith Family Kids, Inc
Industry PPP Comparison Statistics
Nationwide, 22,634 businesses in the "Elementary and Secondary Schools" industry received a total of $7.35B 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 38 employees, 3700% higher than Choice Education And Employment Services' reported 1 employees, and received an average PPP loan of $324,628, 10061% higher than this company's loan of $3,195.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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