PPP Loan Data — Harlee Medical Technologies, Inc, Houston, TX
Harlee Medical Technologies, Inc
Entity: Subchapter S Corporation
Location: Houston, TXTweet This • Search All PPP Data
Harlee Medical Technologies, Inc is a subchapter s corporation located at 2144 Watts St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,358.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Harlee Medical Technologies, Inc in Houston, TX received a Paycheck Protection Loan of $46,358 through JPMorgan Chase Bank, National Association, which was approved in May, 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 April, 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, Harlee Medical Technologies, Inc's 2019 payroll expenses are estimated to be at least $222,518.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,086 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harlee Medical Technologies, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,358
Business Information - Harlee Medical Technologies, Inc in Houston, TX
2144 Watts St
Houston, TX 77030
All Other Travel Arrangement and Reservation Services
NAICS code 561599
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,904 businesses in the "All Other Travel Arrangement and Reservation Services" industry received a total of $279M 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 5 employees, 17% lower than Harlee Medical Technologies, Inc's reported 6 employees, and received an average PPP loan of $47,256, 2% higher than this company's loan of $46,358.
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Footnotes & Information
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