PPP Loan Data — O&O Macias Inc, Burleson, TX
O&O Macias Inc is a corporation located at 431 N Burleson Blvd in Burleson, Texas that received a Coronavirus-related PPP loan from the SBA of $25,217.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
O&O Macias Inc in Burleson, TX received a Paycheck Protection Loan of $25,217 through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, O&O Macias Inc's 2019 payroll expenses are estimated to be at least $121,042.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,261 per employee1
Reported PPP Proceed Usage:
On the PPP application, O&O Macias Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,217
Business Information - O&O Macias Inc in Burleson, TX
431 N Burleson Blvd
Burleson, TX 76028
NAICS code 999990
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Burleson
In the Burleson area, 27 businesses in the "Unclassified Establishments" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 4) and received an average PPP loan of $46,290 (compared to this company's $25,217).
Similar Nearby Businesses Who Received PPP Funding:
Sandy Shae Services LLC
Pioneering Math Education, LLC
RDW Rudy's Burleson, LP
Stellar A&P Corporation
A Meaning Of Life, LLC
Jerry Golubinski Ventures, LLC
Sun Fusion Inc
Flow Control Services LLC
Industry PPP Comparison Statistics
Nationwide, 85,647 businesses in the "Unclassified Establishments" industry received a total of $3.67B 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, 150% higher than O&O Macias Inc's reported 4 employees, and received an average PPP loan of $42,878, 70% higher than this company's loan of $25,217.
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Footnotes & Information
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