PPP Loan Data — Enduro Composites, Houston, TX
Enduro Composites is a corporation located at 16602 Central Green Blvd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,965,880.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 152 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:MetaBank, National Association
Enduro Composites in Houston, TX received a Paycheck Protection Loan of $1.97M through MetaBank, National Association, 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 April, 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, Enduro Composites' 2019 payroll expenses are estimated to be at least $9.44M.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $62,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Enduro Composites reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,965,880
Business Information - Enduro Composites in Houston, TX
16602 Central Green Blvd
Houston, TX 77032
Hardwood Veneer and Plywood Manufacturing
NAICS code 321211
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, 495 businesses in the "Hardwood Veneer and Plywood Manufacturing" industry received a total of $139.68M 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 31 employees, 80% lower than Enduro Composites' reported 152 employees, and received an average PPP loan of $282,184, 86% lower than this company's loan of $1.97M.
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Footnotes & Information
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