PPP Loan Data — Northwest Automotive And Diesel Service LLC, Houston, TX
Northwest Automotive And Diesel Service LLC is a limited liability company (LLC) located at 15511 Kuykendahl Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Northwest Automotive And Diesel Service LLC in Houston, TX received a Paycheck Protection Loan of $46,000 through Bank of America, National Association, which was approved in May, 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, Northwest Automotive And Diesel Service LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northwest Automotive And Diesel Service LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Northwest Automotive And Diesel Service LLC in Houston, TX
15511 Kuykendahl Rd
Houston, TX 77090
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Northwest Automotive And Diesel Service LLC's reported 5 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,000.
FederalPay's PPP Information Policy
Footnotes & Information
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