PPP Loan Data — Credit Builders, Inc, Houston, TX
Credit Builders, Inc is a subchapter s corporation located at 17650 Northwest Freeway in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Credit Builders, Inc in Houston, TX received a Paycheck Protection Loan of $46,200 through Zions Bank, A Division of, 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 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, Credit Builders, Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $24,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, Credit Builders, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Credit Builders, Inc in Houston, TX
17650 Northwest Freeway
Houston, TX 77065
Used Car Dealers
NAICS code 441120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 17 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 9) and received an average PPP loan of $28,303 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Triple 7 Finance, Inc
F H Automotive Inc
The Sjs Group Of Companies Inc
Smart Choice Investments Inc
Chico's Cars Auto Sales Inc
Nova Auto Sales
Industry PPP Comparison Statistics
Nationwide, 40,336 businesses in the "Used Car Dealers" industry received a total of $2.19B 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 6 employees, 33% lower than Credit Builders, Inc's reported 9 employees, and received an average PPP loan of $54,194, 17% higher than this company's loan of $46,200.
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Footnotes & Information
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