PPP Loan Data — Management Controls, Inc, Houston, TX
Management Controls, Inc is a corporation located at 15600 John F Kennedy Blvd #850 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,130,000.00 in April, 2020.
The company has reported itself as an American indian or alaska native owned business, and employed at least 104 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Woodforest National Bank
Management Controls, Inc in Houston, TX received a Paycheck Protection Loan of $2.13M through Woodforest National 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, Management Controls, Inc's 2019 payroll expenses are estimated to be at least $10.22M.
Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $98,308 per employee1
Reported PPP Proceed Usage:
On the PPP application, Management Controls, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,130,000
Business Information - Management Controls, Inc in Houston, TX
15600 John F Kennedy Blvd #850
Houston, TX 77032
NAICS code 511210
Business Owner Demographics
Race: American Indian or Alaska Native
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 13,466 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 88% lower than Management Controls, Inc's reported 104 employees, and received an average PPP loan of $202,819, 90% lower than this company's loan of $2.13M.
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Footnotes & Information
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