PPP Loan Data — K Bar T Custom Homes, Inc, Burnet, TX
K Bar T Custom Homes, Inc
Entity: Subchapter S Corporation
Location: Burnet, TXTweet This • Search All PPP Data
K Bar T Custom Homes, Inc is a subchapter s corporation located at 410 Buchanan Drive in Burnet, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 75 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
K Bar T Custom Homes, Inc in Burnet, TX received a Paycheck Protection Loan of $25,000 through Cross River 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, K Bar T Custom Homes, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 75 jobs retained, this equals an estimated average yearly compensation of $1,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, K Bar T Custom Homes, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - K Bar T Custom Homes, Inc in Burnet, TX
410 Buchanan Drive
Burnet, TX 78611
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Burnet
In the Burnet area, 43 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 75) and received an average PPP loan of $45,413 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
A Frame Home Services LLC
Driftwood Services, LLC
Cedar Creek, TX
Albarez Construction LLC
Gary Levinson Construction LLC
Crewlyn Contracting LLC
Escobedo Cranes & Equipment LP
Texas Quality Services LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 93% lower than K Bar T Custom Homes, Inc's reported 75 employees, and received an average PPP loan of $45,182, 81% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!