PPP Loan Data — MSB Consulting Group LLC, Austin, TX
MSB Consulting Group LLC
Entity: Limited Liability Company (LLC)
Location: Austin, TXTweet This • Search All PPP Data
MSB Consulting Group LLC is a limited liability company (LLC) located at 12885 Research Blvd Ste 204 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $1,740,805.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 243 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
MSB Consulting Group LLC in Austin, TX received a Paycheck Protection Loan of $1.74M through BBVA USA, 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, MSB Consulting Group LLC's 2019 payroll expenses are estimated to be at least $8.36M.
Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $34,386 per employee1
Reported PPP Proceed Usage:
On the PPP application, MSB Consulting Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,740,805
Business Information - MSB Consulting Group LLC in Austin, TX
12885 Research Blvd Ste 204
Austin, TX 78750
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 20 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 243) and received an average PPP loan of $113,701 (compared to this company's $1.74M).
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Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 98% lower than MSB Consulting Group LLC's reported 243 employees, and received an average PPP loan of $58,139, 97% lower than this company's loan of $1.74M.
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Footnotes & Information
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