PPP Loan Data — Lansdowne Moody Co., LP, Houston, TX
Lansdowne Moody Co., LP
Location: Houston, TXTweet This • Search All PPP Data
Lansdowne Moody Co., LP is a corporation located at 8445 East Fwy in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,593,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lansdowne Moody Co., LP in Houston, TX received a Paycheck Protection Loan of $1.59M through Frost 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, Lansdowne Moody Co., LP's 2019 payroll expenses are estimated to be at least $7.65M.
Based on their reported 143 jobs retained, this equals an estimated average yearly compensation of $53,481 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lansdowne Moody Co., LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,593,300
Business Information - Lansdowne Moody Co., LP in Houston, TX
8445 East Fwy
Houston, TX 77029
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 43 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 143) and received an average PPP loan of $61,033 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 97% lower than Lansdowne Moody Co., LP's reported 143 employees, and received an average PPP loan of $34,329, 98% lower than this company's loan of $1.59M.
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Footnotes & Information
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