PPP Loan Data — Ivos, International Vision Of Strategy, Houston, TX
Ivos, International Vision Of Strategy
Location: Houston, TXTweet This • Search All PPP Data
Ivos, International Vision Of Strategy is a corporation located at 14822 Earlswood Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,875.00 in May, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Ivos, International Vision Of Strategy in Houston, TX received a Paycheck Protection Loan of $46,875 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, Ivos, International Vision Of Strategy's 2019 payroll expenses are estimated to be at least $225,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ivos, International Vision Of Strategy reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,875
Business Information - Ivos, International Vision Of Strategy in Houston, TX
14822 Earlswood Dr
Houston, TX 77083
Oil and Gas Field Machinery and Equipment Manufacturing
NAICS code 333132
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 8 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 3) and received an average PPP loan of $971,560 (compared to this company's $46,875).
Similar Nearby Businesses Who Received PPP Funding:
IPT Global LLC
Liberty Lift Solutions, LLC
Jonathan M. Bear
Jelec USA Inc
South Brixton LLC
Industry PPP Comparison Statistics
Nationwide, 1,622 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $550.19M 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 23 employees, 667% higher than Ivos, International Vision Of Strategy's reported 3 employees, and received an average PPP loan of $339,207, 624% higher than this company's loan of $46,875.
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