PPP Loan Data — FX Pest Control, LLC, Cypress, TX
FX Pest Control, LLC
Entity: Limited Liability Company (LLC)
Location: Cypress, TXTweet This • Search All PPP Data
FX Pest Control, LLC is a limited liability company (LLC) located at 19918 Riverton Ranch Dr in Cypress, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
FX Pest Control, LLC in Cypress, TX received a Paycheck Protection Loan of $25,400 through Prosperity Bank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, FX Pest Control, LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, FX Pest Control, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - FX Pest Control, LLC in Cypress, TX
19918 Riverton Ranch Dr
Cypress, TX 77433
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Cypress
In the Cypress area, 52 businesses in the "All Other Professional, Scientific, and Technical Services" 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 $38,032 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Soren Strategies, LLC
Westech Inspection Inc
Sorrell Consulting Systems
The People Brand, LLC
Wright Search Firm LLC
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 25% higher than FX Pest Control, LLC's reported 4 employees, and received an average PPP loan of $57,091, 125% higher than this company's loan of $25,400.
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Footnotes & Information
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