PPP Loan Data — Petwell Partners LLC, Houston, TX
Petwell Partners LLC is a limited liability company (LLC) located at 4203 Yoakum Blvd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,443,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 340 people during the applicable loan loan period.
$ PPP Loan Information
Petwell Partners LLC in Houston, TX received a Paycheck Protection Loan of $3.44M through SERVISFIRST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Petwell Partners LLC's total 2019 payroll expenses were approximately $16.53M in order to qualify for the PPP loan amount received.
Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $48,607 per employee1.
Business Information - Petwell Partners LLC in Houston, TX
4203 Yoakum Blvd
Houston, TX 77006
Veterinary Services (NAICS code 541940)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-02
Similar Companies near Houston
In the Houston area, 15 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 340) and received an average PPP loan of $583,046 (compared to this company's $3.44M).
Similar Nearby Businesses Who Received PPP Funding:
Montrose Veterinary Clinic PC
Cagle Veterinary Services, LLC
Midtown Veterinary Hospital Inc
Three Mile Veterinary Services
Animal & Avian Hospital Of The Village, Inc.
Bayou City Veterinary Hospital, PLLC
My Doorstep Vet, PLLC
The Cat Doctor, LLC
Industry PPP Comparison Statistics
Nationwide, 18,972 businesses in the "Veterinary Services" industry received a total of $1,881,960,966.00 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 11 employees, 97% lower than Petwell Partners LLC's reported 340 employees, and received an average PPP loan of $99,197, 97% lower than this company's loan of $3.44M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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