PPP Loan Data — PE Ben USA Inc, Houston, TX
PE Ben USA Inc is a corporation located at 13738 Fm 529 Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $9,181,245.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
PE Ben USA Inc received a Paycheck Protection Loan of $9.18M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 142 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 441.
Based on standard PPP eligibility rules, PE Ben USA Inc's total 2019 payroll expenses were approximately $44.07M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 142 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - PE Ben USA Inc in Houston, TX
13738 Fm 529 Rd
Houston, TX 77041
All Other Support Activities for Transportation (NAICS code 488999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Similar Companies near Houston
In the Houston area, 5 businesses in the "All Other Support Activities for Transportation" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 142) and received an average PPP loan of $1,843,046 (compared to this company's $9.18M).
Similar Nearby Businesses Who Received PPP Funding:
Aidc Hot Shot LLC
Haraka Transportation Services
Industry PPP Comparison Statistics
Nationwide, 8,990 businesses in the "All Other Support Activities for Transportation" industry received a total of $529,310,655.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 95% lower than PE Ben USA Inc's reported 142 employees, and received an average PPP loan of $58,878, 99% lower than this company's loan of $9.18M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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