PPP Loan Data — Gauthama Corp, Houston, TX
Gauthama Corp is a corporation located at 6298 Ludington Dr #3 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,313.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Gauthama Corp in Houston, TX received a Paycheck Protection Loan of $25,313 through Dominion Bank, which was approved in April, 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 December, 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, Gauthama Corp's 2019 payroll expenses are estimated to be at least $121,502.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,501 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gauthama Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,985
- Utilities: $1,265
- Mortgage Interest: $5,063
Business Information - Gauthama Corp in Houston, TX
6298 Ludington Dr #3
Houston, TX 77035
Lessors of Residential Buildings and Dwellings
NAICS code 531110
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, 35 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $36,182 (compared to this company's $25,313).
Similar Nearby Businesses Who Received PPP Funding:
SRM Apartments, LLC
Westbury Residential LLC
SI Communities LLC
Terraza West- Rpg LLC
Intercontinental Services, LLC
Kajal Housing Group, LLC
Fair Oaks Rpg LLC
Kiam Street Apartments LLC
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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 8 employees, 167% higher than Gauthama Corp's reported 3 employees, and received an average PPP loan of $70,456, 178% higher than this company's loan of $25,313.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!