PPP Loan Data — James Edward And Companies, Inc, Houston, TX
James Edward And Companies, Inc
Entity: Subchapter S Corporation
Location: Houston, TXTweet This • Search All PPP Data
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
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.
Business Information - James Edward And Companies, Inc in Houston, TX
2000 Bering Drive, Suite 400
Houston, TX 77057
Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Pete's Fine Meats, Inc
Silk Confectioners LLC
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.
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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