PPP Loan Data — Ksbj Educational Foundation, Inc, Humble, TX
Ksbj Educational Foundation, Inc is a non-profit organization located at 1722 Treble Drive in Humble, Texas that received a Coronavirus-related PPP loan from the SBA of $1,620,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Ksbj Educational Foundation, Inc in Humble, TX received a Paycheck Protection Loan of $1.62M through Zions Bank, A Division of, 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
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, Ksbj Educational Foundation, Inc's 2019 payroll expenses are estimated to be at least $7.78M.
Based on their reported 83 jobs retained, this equals an estimated average yearly compensation of $93,716 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ksbj Educational Foundation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,620,500
Business Information - Ksbj Educational Foundation, Inc in Humble, TX
1722 Treble Drive
Humble, TX 77338
NAICS code 515112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Humble
In the Humble area, 2 businesses in the "Radio Stations" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 83) and received an average PPP loan of $812,800 (compared to this company's $1.62M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,733 businesses in the "Radio Stations" industry received a total of $451.76M 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 14 employees, 83% lower than Ksbj Educational Foundation, Inc's reported 83 employees, and received an average PPP loan of $121,017, 93% lower than this company's loan of $1.62M.
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Footnotes & Information
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