PPP Loan Data — Intl Sports Marketing Inc, Katy, TX
Intl Sports Marketing Inc is a corporation located at 23902 Sunset Sky in Katy, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Intl Sports Marketing Inc in Katy, TX received a Paycheck Protection Loan of $25,000 through Wells Fargo Bank, National Association, which was approved in May, 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, Intl Sports Marketing Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Intl Sports Marketing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Intl Sports Marketing Inc in Katy, TX
23902 Sunset Sky
Katy, TX 77494
Marketing Consulting Services
NAICS code 541613
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Katy
In the Katy area, 38 businesses in the "Marketing Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $16,572 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Cornerstone Growth Solutions
I2K Software Solutions Inc
Industry PPP Comparison Statistics
Nationwide, 86,997 businesses in the "Marketing Consulting Services" industry received a total of $3.45B 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 3 employees, 50% higher than Intl Sports Marketing Inc's reported 2 employees, and received an average PPP loan of $39,652, 59% higher than this company's loan of $25,000.
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