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PPP Loan Data — Iconic Development, San Antonio, TX

SBA PPP loan data, payroll data, and salaries for Iconic Development
TX

Iconic Development

Entity: Sole Proprietorship

Industry: All Other Specialty Trade Contractors

Location: San Antonio, TX

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Iconic Development is a sole proprietorship located at 15942 Tampke Pl in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $4,100.00 in May, 2020.

The company has reported itself as a Hispanic owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4,100

Jobs Retained:

2

Loan Approved:

2020-05-01

Lender:

NEWTEK SMALL BUSINESS FINANCE, INC.

Iconic Development received a Paycheck Protection Loan of $4,100 through NEWTEK SMALL BUSINESS FINANCE, INC., which was approved in May, 2020.

Based on standard PPP eligibility rules, Iconic Development's total 2019 payroll expenses were approximately $19,680 in order to qualify for the PPP loan amount received.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $9,840 per employee1.

Business Information - Iconic Development in San Antonio, TX

Iconic Development
15942 Tampke Pl
San Antonio, TX 78247

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-35

Similar Companies near San Antonio

In the San Antonio area, 4 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 2) and received an average PPP loan of $629,213 (compared to this company's $4,100).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 350% higher than Iconic Development's reported 2 employees, and received an average PPP loan of $113,959, 2679% higher than this company's loan of $4,100.

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/iconic-development-san-antonio-tx