PPP Loan Data — Mathematical Research, Inc. DBA Mri Technologies, Houston, TX
Mathematical Research, Inc. DBA Mri Technologies is a subchapter s corporation located at 17047 El Camino Real Suite 200 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,886,300.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Zions Bank, A Division of
Mathematical Research, Inc. DBA Mri Technologies in Houston, TX received a Paycheck Protection Loan of $1.89M through Zions Bank, A Division of, which was approved in May, 2020.
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.
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, Mathematical Research, Inc. DBA Mri Technologies' 2019 payroll expenses are estimated to be at least $9.05M.
Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $68,593 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mathematical Research, Inc. DBA Mri Technologies reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,886,300
Business Information - Mathematical Research, Inc. DBA Mri Technologies in Houston, TX
17047 El Camino Real Suite 200
Houston, TX 77058
Custom Computer Programming Services
NAICS code 541511
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, 37 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 132) and received an average PPP loan of $353,469 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
Launch In 2 Days LLC
Cynosure Technologies, LLC
Flutura Business Solutions LLC
Cimarron Software Services, Inc
The Econsortium Group Inc
Atlink Communication, Inc
Sfile Technology Corporation
Mergen It LLC
Industry PPP Comparison Statistics
Nationwide, 43,326 businesses in the "Custom Computer Programming Services" industry received a total of $6.67B 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 10 employees, 92% lower than Mathematical Research, Inc. DBA Mri Technologies' reported 132 employees, and received an average PPP loan of $153,857, 92% lower than this company's loan of $1.89M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!