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

PPP Loan Data — Karr Mhs LLC, Azle, TX

ALERT: There are 2 PPP loans for a total of $107,075 in our database for businesses with the name "Karr Mhs LLC" in Azle, 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 Karr Mhs LLC
TX

Karr Mhs LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Professional, Scientific, and Technical Services

Location: Azle, TX

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Karr Mhs LLC is a limited liability company (LLC) located at 181 Briar Oaks Dr in Azle, Texas that received a Coronavirus-related PPP loan from the SBA of $53,175.00 in March, 2021.

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

$ PPP Loan Information
Loan #1758628607

Loan Size:

$53,175

Jobs Retained:

6

Loan Approved:

2021-03-13

Loan Status:

Paid in Full or Forgiven

Lender:

Prosperity Bank

Karr Mhs LLC in Azle, TX received a Paycheck Protection Loan of $53,175 through Prosperity Bank, which was approved in March, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.

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, Karr Mhs LLC's 2019 payroll expenses are estimated to be at least $255,240.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $42,540 per employee1

Reported PPP Proceed Usage:

On the PPP application, Karr Mhs LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $53,170
  • Utilities: $1

Business Information - Karr Mhs LLC in Azle, TX

Karr Mhs LLC
181 Briar Oaks Dr
Azle, TX 76020

Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990

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: Rural

Parker County, TX — SBA Office 0610 — Congressional District: TX-12

Similar Companies near Azle

In the Azle area, 24 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 6) and received an average PPP loan of $20,928 (compared to this company's $53,175).

Industry PPP Comparison Statistics

Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B 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, 17% lower than Karr Mhs LLC's reported 6 employees, and received an average PPP loan of $57,481, 8% higher than this company's loan of $53,175.

SBA PPP loan data, payroll data, and salaries for Karr Mhs LLC
TX

Karr Mhs LLC

Entity: Limited Liability Company (LLC)

Industry: Scenic and Sightseeing Transportation, Other

Location: Azle, TX

Search All PPP Data

Karr Mhs LLC is a limited liability company (LLC) located at 181 Briar Oaks Drive in Azle, Texas that received a Coronavirus-related PPP loan from the SBA of $53,900.00 in April, 2020.

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

$ PPP Loan Information
Loan #2403597305

Loan Size:

$53,900

Jobs Retained:

6

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

Prosperity Bank

Karr Mhs LLC in Azle, TX received a Paycheck Protection Loan of $53,900 through Prosperity Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.

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, Karr Mhs LLC's 2019 payroll expenses are estimated to be at least $258,720.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $43,120 per employee1

Reported PPP Proceed Usage:

On the PPP application, Karr Mhs LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $53,900

Business Information - Karr Mhs LLC in Azle, TX

Karr Mhs LLC
181 Briar Oaks Drive
Azle, TX 76020

Business Industry:
Scenic and Sightseeing Transportation, Other
NAICS code 487990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Parker County, TX — SBA Office 0610 — Congressional District: TX-12

Similar Companies near Azle

In the Azle area, 3 businesses in the "Scenic and Sightseeing Transportation, Other" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 6) and received an average PPP loan of $22,212 (compared to this company's $53,900).

Industry PPP Comparison Statistics

Nationwide, 555 businesses in the "Scenic and Sightseeing Transportation, Other" industry received a total of $40.74M 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 9 employees, 50% higher than Karr Mhs LLC's reported 6 employees, and received an average PPP loan of $73,402, 36% higher than this company's loan of $53,900.

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/karr-mhs-llc-azle-tx