PPP Loan Data — Esther Kane, Fulshear, TX
Esther Kane is a sole proprietorship located in Fulshear, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Esther Kane in Fulshear, TX received a Paycheck Protection Loan of $25,000 through Charter Bank, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Esther Kane reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,999
Business Information - Esther Kane in Fulshear, TX
* Full address is redacted to protect the privacy of individuals.
Horses and Other Equine Production
NAICS code 112920
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fulshear
In the Fulshear area, 2 businesses in the "Horses and Other Equine Production" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $25,000 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 7,237 businesses in the "Horses and Other Equine Production" industry received a total of $163.1M 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, 200% higher than Esther Kane's reported 1 employees, and received an average PPP loan of $22,537, 10% lower than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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