PPP Loan Data — Municipal District Services, LLC, Katy, TX
Municipal District Services, LLC is a corporation located at 406 W Grand Pkwy S Suite 260 in Katy, Texas that received a Coronavirus-related PPP loan from the SBA of $2,236,800.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 179 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Pioneer Bank, SSB
Municipal District Services, LLC in Katy, TX received a Paycheck Protection Loan of $2.24M through Pioneer Bank, SSB, which was approved in April, 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, Municipal District Services, LLC's 2019 payroll expenses are estimated to be at least $10.74M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $59,981 per employee1
Reported PPP Proceed Usage:
On the PPP application, Municipal District Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,236,800
Business Information - Municipal District Services, LLC in Katy, TX
406 W Grand Pkwy S Suite 260
Katy, TX 77494
Water Supply and Irrigation Systems
NAICS code 221310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,645 businesses in the "Water Supply and Irrigation Systems" industry received a total of $428.61M 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 9 employees, 95% lower than Municipal District Services, LLC's reported 179 employees, and received an average PPP loan of $92,273, 96% lower than this company's loan of $2.24M.
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Footnotes & Information
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