PPP Loan Data — Our Treasures Inc, Boerne, TX
Our Treasures Inc is a corporation located at 1001 W Arbrook Ste 121 in Boerne, Texas that received a Coronavirus-related PPP loan from the SBA of $46,960.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least eighteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Our Treasures Inc in Boerne, TX received a Paycheck Protection Loan of $46,960 through BBVA USA, which was approved in April, 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, Our Treasures Inc's 2019 payroll expenses are estimated to be at least $225,408.
Based on their reported 18 jobs retained, this equals an estimated average yearly compensation of $12,523 per employee1
Reported PPP Proceed Usage:
On the PPP application, Our Treasures Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,220
- Utilities: $11,740
Business Information - Our Treasures Inc in Boerne, TX
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Our Treasures Inc's reported 18 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $46,960.
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Footnotes & Information
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