PPP Loan Data — Gerard Ventura DBA None, Nacogdoches, TX
Gerard Ventura DBA None is a sole proprietorship located at 409 Russell Blvd Suite B in Nacogdoches, Texas that received a Coronavirus-related PPP loan from the SBA of $46,047.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Gerard Ventura DBA None in Nacogdoches, TX received a Paycheck Protection Loan of $46,047 through BancorpSouth 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, Gerard Ventura DBA None's 2019 payroll expenses are estimated to be at least $221,026.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,675 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gerard Ventura DBA None reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,047
Business Information - Gerard Ventura DBA None in Nacogdoches, TX
409 Russell Blvd Suite B
Nacogdoches, TX 75965
NAICS code 999990
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Nacogdoches
In the Nacogdoches area, 6 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 3) and received an average PPP loan of $47,572 (compared to this company's $46,047).
Similar Nearby Businesses Who Received PPP Funding:
Rhonda S Banks
CSI Nacogdoches, LLC
Prince Organization Nacogdoches LLC
Compliant Billing & Collections Inc
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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 10 employees, 233% higher than Gerard Ventura DBA None's reported 3 employees, and received an average PPP loan of $42,878, 7% lower than this company's loan of $46,047.
FederalPay's PPP Information Policy
Footnotes & Information
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