PPP Loan Data — Esponjas Development, LTD, Mcallen, TX
Esponjas Development, LTD is a limited liability company (LLC) located at 2912 S Jackson Rd in Mcallen, Texas that received a Coronavirus-related PPP loan from the SBA of $46,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Lone Star National Bank
Esponjas Development, LTD in Mcallen, TX received a Paycheck Protection Loan of $46,600 through Lone Star National Bank, 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 March, 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, Esponjas Development, LTD's 2019 payroll expenses are estimated to be at least $223,680.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Esponjas Development, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,600
Business Information - Esponjas Development, LTD in Mcallen, TX
2912 S Jackson Rd
Mcallen, TX 78503
NAICS code 237210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mcallen
In the Mcallen area, 5 businesses in the "Land Subdivision" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $48,120 (compared to this company's $46,600).
Similar Nearby Businesses Who Received PPP Funding:
OC Development LTD
JP Developer Group LLC
Riverside Development Services LLC
Domain Development Corp
Industry PPP Comparison Statistics
Nationwide, 4,596 businesses in the "Land Subdivision" industry received a total of $468.09M 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 10 employees, 150% higher than Esponjas Development, LTD's reported 4 employees, and received an average PPP loan of $101,846, 119% higher than this company's loan of $46,600.
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Footnotes & Information
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