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PPP Loan Data — It's Up There TV Mounting, Houston, TX

SBA PPP loan data, payroll data, and salaries for It's Up There TV Mounting
TX

It's Up There TV Mounting

Entity: Sole Proprietorship

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: Houston, TX

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It's Up There TV Mounting is a sole proprietorship located in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2079568605

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-13

Loan Status:

Active Un-Disbursed

Lender:

Itria Ventures LLC
PPP Funds Undisbursed

It's Up There TV Mounting in Houston, TX received a Paycheck Protection Loan of $20,833 through Itria Ventures LLC, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $20,833 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, It's Up There TV Mounting reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - It's Up There TV Mounting in Houston, TX

It's Up There TV Mounting
Houston, TX
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 19 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $35,032 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 78,822 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.65B 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 12 employees, 1100% higher than It's Up There TV Mounting's reported 1 employees, and received an average PPP loan of $147,855, 610% higher than this company's loan of $20,833.

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. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/its-up-there-tv-mounting-houston-tx