PPP Loan Data — K & H Associates Inc, Rosenberg, TX
K & H Associates Inc is a corporation located at 1925 4th St in Rosenberg, Texas that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Texas First Bank
K & H Associates Inc in Rosenberg, TX received a Paycheck Protection Loan of $25,300 through Texas First 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 & H Associates Inc's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,288 per employee1
Reported PPP Proceed Usage:
On the PPP application, K & H Associates Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,231
- Utilities: $5,069
Business Information - K & H Associates Inc in Rosenberg, TX
1925 4th St
Rosenberg, TX 77471
Gasoline Stations with Convenience Stores
NAICS code 447110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Rosenberg
In the Rosenberg area, 17 businesses in the "Gasoline Stations with Convenience Stores" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $40,115 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
BK Services Inc
Eagle D Enterprises, Inc
Maruti International LLC
Lucky Stone LLC
Noor Equity Inc
Avenue H Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 45,026 businesses in the "Gasoline Stations with Convenience Stores" industry received a total of $2.06B 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 10 employees, 100% higher than K & H Associates Inc's reported 5 employees, and received an average PPP loan of $45,821, 81% higher than this company's loan of $25,300.
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Footnotes & Information
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