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PPP Loan Data — H Russell Ming LLC, San Antonio, TX

SBA PPP loan data, payroll data, and salaries for H Russell Ming LLC
TX

H Russell Ming LLC

Entity: Limited Liability Company (LLC)

Industry: Unclassified Establishments

Location: San Antonio, TX

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H Russell Ming LLC is a limited liability company (LLC) located at 11950 Starcrest Drive in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $11,445.00 in May, 2020.

The company has reported itself as a female owned business.

$ PPP Loan Information

Loan Size:

$11,445

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-01

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

H Russell Ming LLC received a Paycheck Protection Loan of $11,445 through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, H Russell Ming LLC's total 2019 payroll expenses were approximately $54,936 in order to qualify for the PPP loan amount received.

Unlike most businesses, H Russell Ming LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - H Russell Ming LLC in San Antonio, TX

H Russell Ming LLC
11950 Starcrest Drive
San Antonio, TX 78247

Business Industry

Unclassified Establishments (NAICS code 999990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-35

Similar Companies near San Antonio

In the San Antonio area, 20 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 0) and received an average PPP loan of $335,828 (compared to this company's $11,445).

Industry PPP Comparison Statistics

Nationwide, 86,245 businesses in the "Unclassified Establishments" industry received a total of $3,723,225,376.00 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 6 employees, and received an average PPP loan of $43,170, 277% higher than this company's loan of $11,445.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/h-russell-ming-llc-san-antonio-tx