PPP Loan Data — EZ Going Towing LLC, Humble, TX
EZ Going Towing LLC is a limited liability company (LLC) located at 9494 Humble Westfield Rd Apt 1021 in Humble, Texas that received a Coronavirus-related PPP loan from the SBA of $25,380.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
EZ Going Towing LLC in Humble, TX received a Paycheck Protection Loan of $25,380 through DreamSpring, which was approved in April, 2020.
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, EZ Going Towing LLC's 2019 payroll expenses are estimated to be at least $121,824.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,912 per employee1
Reported PPP Proceed Usage:
On the PPP application, EZ Going Towing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,380
Business Information - EZ Going Towing LLC in Humble, TX
9494 Humble Westfield Rd Apt 1021
Humble, TX 77338
Motor Vehicle Towing
NAICS code 488410
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Humble
In the Humble area, 7 businesses in the "Motor Vehicle Towing" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $42,810 (compared to this company's $25,380).
Similar Nearby Businesses Who Received PPP Funding:
S&J Towing LLC
ISA 22:22 LLC
Hustletown Holdings LLC
S&J Storage LLC
Industry PPP Comparison Statistics
Nationwide, 17,547 businesses in the "Motor Vehicle Towing" industry received a total of $912.17M 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, 200% higher than EZ Going Towing LLC's reported 2 employees, and received an average PPP loan of $51,984, 105% higher than this company's loan of $25,380.
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Footnotes & Information
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