PPP Loan Data — Godinez Septics, Inc, Austin, TX
Godinez Septics, Inc is a subchapter s corporation located at 2404 Red Fox Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $25,367.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:SouthStar Bank, S.S.B.
Godinez Septics, Inc in Austin, TX received a Paycheck Protection Loan of $25,367 through SouthStar Bank, S.S.B., 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 March, 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, Godinez Septics, Inc's 2019 payroll expenses are estimated to be at least $121,762.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,881 per employee1
Reported PPP Proceed Usage:
On the PPP application, Godinez Septics, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,367
Business Information - Godinez Septics, Inc in Austin, TX
2404 Red Fox Rd
Austin, TX 78734
Septic Tank and Related Services
NAICS code 562991
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 2 businesses in the "Septic Tank and Related Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $22,184 (compared to this company's $25,367).
Similar Nearby Businesses Who Received PPP Funding:
Plan-It Septics LLC
Industry PPP Comparison Statistics
Nationwide, 3,403 businesses in the "Septic Tank and Related Services" industry received a total of $240.96M 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, 300% higher than Godinez Septics, Inc's reported 2 employees, and received an average PPP loan of $70,809, 179% higher than this company's loan of $25,367.
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Footnotes & Information
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