PPP Loan Data — GAC Central LLC, Houston, TX
GAC Central LLC is a limited liability company (LLC) located at 5600 Nw Central Dr. in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,037.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
GAC Central LLC in Houston, TX received a Paycheck Protection Loan of $25,037 through Wells Fargo Bank, National Association, which was approved in May, 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 June, 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, GAC Central LLC's 2019 payroll expenses are estimated to be at least $120,178.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,059 per employee1
Reported PPP Proceed Usage:
On the PPP application, GAC Central LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,037
Business Information - GAC Central LLC in Houston, TX
5600 Nw Central Dr.
Houston, TX 77092
Freight Transportation Arrangement
NAICS code 488510
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 20 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $16,275 (compared to this company's $25,037).
Similar Nearby Businesses Who Received PPP Funding:
Fredy Maurcio Aleman
Industry PPP Comparison Statistics
Nationwide, 26,171 businesses in the "Freight Transportation Arrangement" industry received a total of $1.88B 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 7 employees, 133% higher than GAC Central LLC's reported 3 employees, and received an average PPP loan of $72,001, 188% higher than this company's loan of $25,037.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!