PPP Loan Data — HR Design Department, LLC, Houston, TX
HR Design Department, LLC is a subchapter s corporation located at 1954 West Dallas St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
HR Design Department, LLC in Houston, TX received a Paycheck Protection Loan of $25,400 through Prosperity Bank, 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 June, 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, HR Design Department, LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, HR Design Department, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - HR Design Department, LLC in Houston, TX
1954 West Dallas St
Houston, TX 77019
NAICS code 541310
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 12 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $35,061 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Rogers + Labarthe Architects
Ryden Architecture, LLC
Roesler Associates Inc
Biazar Studios LLC
Oreon Design Group LLC
Sarah Johnson Style Design PLLC
Murphy Mears Architects Incorporated
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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 HR Design Department, LLC's reported 2 employees, and received an average PPP loan of $129,489, 410% higher than this company's loan of $25,400.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!