PPP Loan Data — Coast To Coast Business Management, Inc, Bryan, TX
Coast To Coast Business Management, Inc
Location: Bryan, TXTweet This • Search All PPP Data
Coast To Coast Business Management, Inc is a corporation located at 1812 N Harvey Mitchell Parkway in Bryan, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Spirit of Texas Bank, SSB
Coast To Coast Business Management, Inc in Bryan, TX received a Paycheck Protection Loan of $25,000 through Spirit of Texas Bank, SSB, which was approved in June, 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 May, 2021.
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, Coast To Coast Business Management, 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, Coast To Coast Business Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Coast To Coast Business Management, Inc in Bryan, TX
1812 N Harvey Mitchell Parkway
Bryan, TX 77807
Toy and Hobby Goods and Supplies Merchant Wholesalers
NAICS code 423920
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 2,876 businesses in the "Toy and Hobby Goods and Supplies Merchant Wholesalers" industry received a total of $266.28M 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 9 employees, 200% higher than Coast To Coast Business Management, Inc's reported 3 employees, and received an average PPP loan of $92,585, 270% higher than this company's loan of $25,000.
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Footnotes & Information
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