PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — June Houston Corporation, Melissa, TX

ALERT: There are 2 PPP loans for a total of $44,436 in our database for businesses with the name "June Houston Corporation" in Melissa, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for June Houston Corporation
TX

June Houston Corporation

Entity: Corporation

Industry: Other Services to Buildings and Dwellings

Location: Melissa, TX

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June Houston Corporation is a corporation located at 3477 County Road 338 in Melissa, Texas that received a Coronavirus-related PPP loan from the SBA of $19,622.00 in February, 2021.

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

$ PPP Loan Information
Loan #3778588506

Loan Size:

$19,622

Jobs Retained:

3

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

June Houston Corporation in Melissa, TX received a Paycheck Protection Loan of $19,622 through Bank of America, National Association, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, June Houston Corporation's 2019 payroll expenses are estimated to be at least $94,186.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $31,395 per employee1

Reported PPP Proceed Usage:

On the PPP application, June Houston Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $19,620
  • Utilities: $1

Business Information - June Houston Corporation in Melissa, TX

June Houston Corporation
3477 County Road 338
Melissa, TX 75454

Business Industry:
Other Services to Buildings and Dwellings
NAICS code 561790

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Melissa

In the Melissa area, 4 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $35,661 (compared to this company's $19,622).

Industry PPP Comparison Statistics

Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 133% higher than June Houston Corporation's reported 3 employees, and received an average PPP loan of $45,205, 130% higher than this company's loan of $19,622.

SBA PPP loan data, payroll data, and salaries for June Houston Corporation
TX

June Houston Corporation

Entity: Corporation

Industry: Document Preparation Services

Location: Melissa, TX

Search All PPP Data

June Houston Corporation is a corporation located at 3477 County Road 338 in Melissa, Texas that received a Coronavirus-related PPP loan from the SBA of $24,814.00 in July, 2020.

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

$ PPP Loan Information
Loan #9747328100

Loan Size:

$24,814

Jobs Retained:

3

Loan Approved:

2020-07-29

Loan Status:

Ongoing Loan

Lender:

Bank of America, National Association

June Houston Corporation in Melissa, TX received a Paycheck Protection Loan of $24,814 through Bank of America, National Association, which was approved in July, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, June Houston Corporation's 2019 payroll expenses are estimated to be at least $119,107.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,702 per employee1

Reported PPP Proceed Usage:

On the PPP application, June Houston Corporation reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $24,814

Business Information - June Houston Corporation in Melissa, TX

June Houston Corporation
3477 County Road 338
Melissa, TX 75454

Business Industry:
Document Preparation Services
NAICS code 561410

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Melissa

In the Melissa area, 3 businesses in the "Document Preparation Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $18,193 (compared to this company's $24,814).

Industry PPP Comparison Statistics

Nationwide, 6,791 businesses in the "Document Preparation Services" industry received a total of $171.72M 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 3 employees, the same amount reported by June Houston Corporation and received an average PPP loan of $25,286, 2% higher than this company's loan of $24,814.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/june-houston-corporation-melissa-tx