PPP Loan Data — Larry And Roxanne Wells, Azle, TX
Larry And Roxanne Wells
Entity: Sole Proprietorship
Location: Azle, TXTweet This • Search All PPP Data
Larry And Roxanne Wells is a sole proprietorship located at 1837 Nw Pkwy in Azle, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Larry And Roxanne Wells in Azle, TX received a Paycheck Protection Loan of $25,400 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 January, 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, Larry And Roxanne Wells' 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, Larry And Roxanne Wells reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Larry And Roxanne Wells in Azle, TX
1837 Nw Pkwy
Azle, TX 76020
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
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 5) and received an average PPP loan of $20,928 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Karr Mhs LLC
TM Manufacturing LLC
Melt Ur Heart Photography LLC
Brikor Services Inc
One World Merchant Services Inc
Hybarger & Associates, LLC
Industry PPP Comparison Statistics
Nationwide, 129,763 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.41B 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, the same amount reported by Larry And Roxanne Wells and received an average PPP loan of $57,091, 125% higher than this company's loan of $25,400.
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Footnotes & Information
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