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PPP Loan Data — Marcus Medina, Houston, TX

ALERT: There are 2 PPP loans for a total of $17,500 in our database for businesses with the name "Marcus Medina" in Houston, 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 Marcus Medina
TX

Marcus Medina

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Houston, TX

Search All PPP Data

Marcus Medina is a sole proprietorship located in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $8,750.00 in April, 2021.

The company has reported itself as a Black or african american owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #2742288906

Loan Size:

$8,750

Jobs Retained:

1

Loan Approved:

2021-04-27

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Marcus Medina in Houston, TX received a Paycheck Protection Loan of $8,750 through Cross River Bank, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Marcus Medina reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,748
  • Utilities: $1

Business Information - Marcus Medina in Houston, TX

Marcus Medina
Houston, TX
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Black or African American

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 147 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $26,239 (compared to this company's $8,750).

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, 300% higher than Marcus Medina's reported 1 employees, and received an average PPP loan of $34,329, 292% higher than this company's loan of $8,750.

SBA PPP loan data, payroll data, and salaries for Marcus Medina
TX

Marcus Medina

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Houston, TX

Search All PPP Data

Marcus Medina is a sole proprietorship located in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $8,750.00 in February, 2021.

The company has reported itself as a Black or african american owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6058138408

Loan Size:

$8,750

Jobs Retained:

1

Loan Approved:

2021-02-10

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Marcus Medina in Houston, TX received a Paycheck Protection Loan of $8,750 through Cross River Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Marcus Medina reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,746
  • Utilities: $1

Business Information - Marcus Medina in Houston, TX

Marcus Medina
Houston, TX
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Black or African American

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 147 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $26,239 (compared to this company's $8,750).

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, 300% higher than Marcus Medina's reported 1 employees, and received an average PPP loan of $34,329, 292% higher than this company's loan of $8,750.

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/marcus-medina-houston-tx