PPP Loan Data — Gallery Model Homes, Inc., Houston, TX
Gallery Model Homes, Inc. is a corporation located at 6006 North Freeway in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,890,100.00 in April, 2020.
$ PPP Loan Information
Lender:WOODFOREST NATIONAL BANK
Gallery Model Homes, Inc. received a Paycheck Protection Loan of $3.89M through WOODFOREST NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gallery Model Homes, Inc.'s total 2019 payroll expenses were approximately $18.67M in order to qualify for the PPP loan amount received.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $78,787 per employee1.
Business Information - Gallery Model Homes, Inc. in Houston, TX
6006 North Freeway
Houston, TX 77076
Furniture Stores (NAICS code 442110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-29
Similar Companies near Houston
In the Houston area, 6 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 237) and received an average PPP loan of $785,293 (compared to this company's $3.89M).
Similar Nearby Businesses Who Received PPP Funding:
Smart Buy Furniture
Imported Decor II, Inc
The Furniture Bank
Industry PPP Comparison Statistics
Nationwide, 10,527 businesses in the "Furniture Stores" industry received a total of $1,068,363,849.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 96% lower than Gallery Model Homes, Inc.'s reported 237 employees, and received an average PPP loan of $101,488, 97% lower than this company's loan of $3.89M.
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Footnotes & Information
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