PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Create Multimedia LLC, Austin, TX

ALERT: There are 2 PPP loans for a total of $425,400 in our database for businesses with the name "Create Multimedia LLC" in Austin, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Create Multimedia LLC
TX

Create Multimedia LLC

Entity: Limited Liability Company (LLC)

Industry: Marketing Consulting Services

Location: Austin, TX

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Create Multimedia LLC is a limited liability company (LLC) located at 3809 S 2nd St Ste A200 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $172,900.00 in January, 2021.

$ PPP Loan Information
Loan #2288718304

Loan Size:

$172,900

Jobs Retained:

14

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

Horizon Bank, SSB

Create Multimedia LLC in Austin, TX received a Paycheck Protection Loan of $172,900 through Horizon Bank, SSB, which was approved in January, 2021.

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

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, Create Multimedia LLC's 2019 payroll expenses are estimated to be at least $829,920.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $59,280 per employee1

Reported PPP Proceed Usage:

On the PPP application, Create Multimedia LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $172,897
  • Utilities: $1

Business Information - Create Multimedia LLC in Austin, TX

Create Multimedia LLC
3809 S 2nd St Ste A200
Austin, TX 78704

Business Industry:
Marketing Consulting Services
NAICS code 541613

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Travis County, TX — SBA Office 0681 — Congressional District: TX-21

Similar Companies near Austin

In the Austin area, 96 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 14) and received an average PPP loan of $38,369 (compared to this company's $172,900).

Industry PPP Comparison Statistics

Nationwide, 86,997 businesses in the "Marketing Consulting Services" industry received a total of $3.45B 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 3 employees, 79% lower than Create Multimedia LLC's reported 14 employees, and received an average PPP loan of $39,652, 77% lower than this company's loan of $172,900.

SBA PPP loan data, payroll data, and salaries for Create Multimedia, LLC
TX

Create Multimedia, LLC

Entity: Limited Liability Company (LLC)

Industry: Advertising Agencies

Location: Austin, TX

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Create Multimedia, LLC is a limited liability company (LLC) located at 3809 South 2nd Street A200 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $252,500.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least thirteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #9873817001

Loan Size:

$252,500

Jobs Retained:

13

Loan Approved:

2020-04-09

Loan Status:

Paid in Full or Forgiven

Lender:

Horizon Bank, SSB

Create Multimedia, LLC in Austin, TX received a Paycheck Protection Loan of $252,500 through Horizon Bank, SSB, which was approved in April, 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 December, 2020.

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, Create Multimedia, LLC's 2019 payroll expenses are estimated to be at least $1.21M.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $93,231 per employee1

Reported PPP Proceed Usage:

On the PPP application, Create Multimedia, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $252,500

Business Information - Create Multimedia, LLC in Austin, TX

Create Multimedia, LLC
3809 South 2nd Street A200
Austin, TX 78704

Business Industry:
Advertising Agencies
NAICS code 541810

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Travis County, TX — SBA Office 0681 — Congressional District: TX-21

Similar Companies near Austin

In the Austin area, 47 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 13) and received an average PPP loan of $131,398 (compared to this company's $252,500).

Industry PPP Comparison Statistics

Nationwide, 24,012 businesses in the "Advertising Agencies" industry received a total of $2.39B 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 7 employees, 46% lower than Create Multimedia, LLC's reported 13 employees, and received an average PPP loan of $99,714, 61% lower than this company's loan of $252,500.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/create-multimedia-llc-austin-tx