PPP Loan Data — Jake's Inc., Houston, TX
Jake's Inc. is a corporation located at 13400 Hollister Road in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,006,800.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Jake's Inc. in Houston, TX received a Paycheck Protection Loan of $3.01M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jake's Inc.'s total 2019 payroll expenses were approximately $14.43M in order to qualify for the PPP loan amount received.
Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $63,580 per employee1.
Business Information - Jake's Inc. in Houston, TX
13400 Hollister Road
Houston, TX 77086
All Other Miscellaneous Food Manufacturing (NAICS code 311999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Industry PPP Comparison Statistics
Nationwide, 2,170 businesses in the "All Other Miscellaneous Food Manufacturing" industry received a total of $403,864,198.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 18 employees, 92% lower than Jake's Inc.'s reported 227 employees, and received an average PPP loan of $186,113, 94% lower than this company's loan of $3.01M.
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Footnotes & Information
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