PPP Loan Data — EZ Going Towing LLC, Porter, TX
EZ Going Towing LLC
Entity: Limited Liability Company (LLC)
Location: Porter, TXTweet This • Search All PPP Data
EZ Going Towing LLC is a limited liability company (LLC) located at 24114 Auburn Falls Ln in Porter, Texas that received a Coronavirus-related PPP loan from the SBA of $25,380.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
EZ Going Towing LLC in Porter, TX received a Paycheck Protection Loan of $25,380 through DreamSpring, which was approved in January, 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, 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: $25,379
Business Information - EZ Going Towing LLC in Porter, TX
24114 Auburn Falls Ln
Porter, TX 77365
All Other Transit and Ground Passenger Transportation
NAICS code 485999
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 34,986 businesses in the "All Other Transit and Ground Passenger Transportation" industry received a total of $815.61M 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, 50% higher than EZ Going Towing LLC's reported 2 employees, and received an average PPP loan of $23,312, 8% lower than this company's loan of $25,380.
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Footnotes & Information
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