PPP Loan Data — Infinite Events Houston LLC, Fresno, TX
Infinite Events Houston LLC is a limited liability company (LLC) located at 3010 Youpon Glen Way in Fresno, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Infinite Events Houston LLC in Fresno, TX received a Paycheck Protection Loan of $25,000 through WebBank, which was approved in April, 2020.
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, Infinite Events Houston LLC's 2019 payroll expenses are estimated to be at least $120,000.
Reported PPP Proceed Usage:
On the PPP application, Infinite Events Houston LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Infinite Events Houston LLC in Fresno, TX
3010 Youpon Glen Way
Fresno, TX 77545
Independent Artists, Writers, and Performers
NAICS code 711510
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fresno
In the Fresno area, 17 businesses in the "Independent Artists, Writers, and Performers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $14,829 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Brandy Ann Photography
Industry PPP Comparison Statistics
Nationwide, 99,116 businesses in the "Independent Artists, Writers, and Performers" industry received a total of $1.63B 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 2 employees, the same amount reported by Infinite Events Houston LLC and received an average PPP loan of $16,422, 34% lower than this company's loan of $25,000.
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