PPP Loan Data — GTE Training LLC, Denton, TX
GTE Training LLC is a limited liability company (LLC) located at 1512 I 35 W Suite 102 in Denton, Texas that received a Coronavirus-related PPP loan from the SBA of $46,325.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
GTE Training LLC in Denton, TX received a Paycheck Protection Loan of $46,325 through Pointbank, which was approved in April, 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, GTE Training LLC's 2019 payroll expenses are estimated to be at least $222,360.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $14,824 per employee1
Reported PPP Proceed Usage:
On the PPP application, GTE Training LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,325
Business Information - GTE Training LLC in Denton, TX
1512 I 35 W Suite 102
Denton, TX 76207
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Denton
In the Denton area, 28 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 15) and received an average PPP loan of $21,850 (compared to this company's $46,325).
Similar Nearby Businesses Who Received PPP Funding:
Abdou Rokib Yessoufou
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 80% lower than GTE Training LLC's reported 15 employees, and received an average PPP loan of $23,676, 49% lower than this company's loan of $46,325.
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Footnotes & Information
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