PPP Loan Data — Genuent Global LLC, Houston, TX
Genuent Global LLC
Entity: Limited Liability Company (LLC)
Location: Houston, TXTweet This • Search All PPP Data
Genuent Global LLC is a limited liability company (LLC) located at 1400 Post Oak Lane, Suite 200 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $6,889,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bremer Bank, National Association
Genuent Global LLC in Houston, TX received a Paycheck Protection Loan of $6.89M through Bremer Bank, National Association, 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 July, 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, Genuent Global LLC's 2019 payroll expenses are estimated to be at least $33.07M.
Based on their reported 493 jobs retained, this equals an estimated average yearly compensation of $67,077 per employee1
Reported PPP Proceed Usage:
On the PPP application, Genuent Global LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,889,400
Business Information - Genuent Global LLC in Houston, TX
1400 Post Oak Lane, Suite 200
Houston, TX 77056
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 146 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 493) and received an average PPP loan of $148,331 (compared to this company's $6.89M).
Similar Nearby Businesses Who Received PPP Funding:
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Johanna Barger Design LLC
Houck Services LLC
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Industry PPP Comparison Statistics
Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B 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, 99% lower than Genuent Global LLC's reported 493 employees, and received an average PPP loan of $57,481, 99% lower than this company's loan of $6.89M.
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Footnotes & Information
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