PPP Loan Data — Cmart Solutions LLC, San Antonio, TX
Cmart Solutions LLC
Entity: Limited Liability Company (LLC)
Location: San Antonio, TXTweet This • Search All PPP Data
Cmart Solutions LLC is a limited liability company (LLC) located at 3708 Hallie Avenue in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Woodforest National Bank
Cmart Solutions LLC in San Antonio, TX received a Paycheck Protection Loan of $46,400 through Woodforest National Bank, which was approved in April, 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, Cmart Solutions LLC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cmart Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Cmart Solutions LLC in San Antonio, TX
3708 Hallie Avenue
San Antonio, TX 78210
Supermarkets and Other Grocery (except Convenience) Stores
NAICS code 445110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near San Antonio
In the San Antonio area, 3 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 8) and received an average PPP loan of $19,627 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Mittee Group Inc
San Antonio, TX
A.R Milon Inc
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 25,599 businesses in the "Supermarkets and Other Grocery (except Convenience) Stores" industry received a total of $2.27B 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 18 employees, 125% higher than Cmart Solutions LLC's reported 8 employees, and received an average PPP loan of $88,740, 91% higher than this company's loan of $46,400.
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