PPP Loan Data — Clrx New Orleans, Inc, Irving, TX
Clrx New Orleans, Inc is a corporation located at 433 E Las Colinas Blvd Ste 107 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Clrx New Orleans, Inc in Irving, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, Clrx New Orleans, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clrx New Orleans, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,000
- Utilities: $2,500
- Rent: $4,500
Business Information - Clrx New Orleans, Inc in Irving, TX
433 E Las Colinas Blvd Ste 107
Irving, TX 75039
Pharmacies and Drug Stores
NAICS code 446110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irving
In the Irving area, 3 businesses in the "Pharmacies and Drug Stores" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 3) and received an average PPP loan of $235,952 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Phalcon United LLP
Industry PPP Comparison Statistics
Nationwide, 18,035 businesses in the "Pharmacies and Drug Stores" industry received a total of $1.7B 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 12 employees, 300% higher than Clrx New Orleans, Inc's reported 3 employees, and received an average PPP loan of $94,214, 277% higher than this company's loan of $25,000.
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Footnotes & Information
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