PPP Loan Data — Houston Grand Opera Association, Inc., Houston, TX
Houston Grand Opera Association, Inc. is a corporation located at 510 Preston St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,585,000.00 in April, 2020.
$ PPP Loan Information
Houston Grand Opera Association, Inc. received a Paycheck Protection Loan of $2.59M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Houston Grand Opera Association, Inc.'s total 2019 payroll expenses were approximately $12.41M in order to qualify for the PPP loan amount received.
Based on their reported 485 jobs retained, this equals an estimated average yearly compensation of $25,584 per employee1.
Business Information - Houston Grand Opera Association, Inc. in Houston, TX
510 Preston St
Houston, TX 77002
Theater Companies and Dinner Theaters (NAICS code 711110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-18
Similar Companies near Houston
In the Houston area, 6 businesses in the "Theater Companies and Dinner Theaters" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 485) and received an average PPP loan of $1,006,439 (compared to this company's $2.59M).
Similar Nearby Businesses Who Received PPP Funding:
Wortham Center Operating Co
Theatre Under The Stars
Cafe Th Town Inc.
The Hobby Center Foundation
Industry PPP Comparison Statistics
Nationwide, 4,100 businesses in the "Theater Companies and Dinner Theaters" industry received a total of $414,044,745.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 16 employees, 97% lower than Houston Grand Opera Association, Inc.'s reported 485 employees, and received an average PPP loan of $100,987, 96% lower than this company's loan of $2.59M.
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.
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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