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PPP Loan Data — James Edward And Companies, Inc, Houston, TX

SBA PPP loan data, payroll data, and salaries for James Edward And Companies, Inc
TX

James Edward And Companies, Inc

Entity: Subchapter S Corporation

Industry: Other Grocery and Related Products Merchant Wholesalers

Location: Houston, TX

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James Edward And Companies, Inc is a subchapter s corporation located at 2000 Bering Drive, Suite 400 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,148,049.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 323 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.15M

Jobs Retained:

323

Loan Approved:

2020-04-14

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

James Edward And Companies, Inc in Houston, TX received a Paycheck Protection Loan of $3.15M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, James Edward And Companies, Inc's total 2019 payroll expenses were approximately $15.11M in order to qualify for the PPP loan amount received.

Based on their reported 323 jobs retained, this equals an estimated average yearly compensation of $46,782 per employee1.

Because the loan received by James Edward And Companies, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - James Edward And Companies, Inc in Houston, TX

James Edward And Companies, Inc
2000 Bering Drive, Suite 400
Houston, TX 77057

Business Industry

Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 4 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 83 employees (compared to this company's 323) and received an average PPP loan of $799,087 (compared to this company's $3.15M).

Industry PPP Comparison Statistics

Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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 14 employees, 96% lower than James Edward And Companies, Inc's reported 323 employees, and received an average PPP loan of $146,523, 95% lower than this company's loan of $3.15M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/james-edward-and-companies-inc-houston-tx