PPP Loan Data — Johnson Specialty Tools, LLC, Houston, TX
Johnson Specialty Tools, LLC
Entity: Limited Liability Company (LLC)
Location: Houston, TXTweet This • Search All PPP Data
Johnson Specialty Tools, LLC is a limited liability company (LLC) located at 952 Echo Lane, Suite 240 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,983,233.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Johnson Specialty Tools, LLC in Houston, TX received a Paycheck Protection Loan of $1.98M through BancorpSouth Bank, which was approved in April, 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, Johnson Specialty Tools, LLC's 2019 payroll expenses are estimated to be at least $9.52M.
Based on their reported 111 jobs retained, this equals an estimated average yearly compensation of $85,761 per employee1
Reported PPP Proceed Usage:
On the PPP application, Johnson Specialty Tools, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,983,233
Business Information - Johnson Specialty Tools, LLC in Houston, TX
952 Echo Lane, Suite 240
Houston, TX 77024
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
NAICS code 532412
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 11 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 111) and received an average PPP loan of $198,691 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 14,805 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $864.06M 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 4 employees, 96% lower than Johnson Specialty Tools, LLC's reported 111 employees, and received an average PPP loan of $58,363, 97% lower than this company's loan of $1.98M.
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Footnotes & Information
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