PPP Loan Data — Portico Property Management LLC, Katy, TX
Portico Property Management LLC is a limited liability company (LLC) located at 1400 Ravello Dr. Suite N110 in Katy, Texas that received a Coronavirus-related PPP loan from the SBA of $2,348,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BOKF, National Association
Portico Property Management LLC in Katy, TX received a Paycheck Protection Loan of $2.35M through BOKF, National Association, which was approved in April, 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, Portico Property Management LLC's 2019 payroll expenses are estimated to be at least $11.27M.
Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $47,573 per employee1
Reported PPP Proceed Usage:
On the PPP application, Portico Property Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,348,900
Business Information - Portico Property Management LLC in Katy, TX
1400 Ravello Dr. Suite N110
Katy, TX 77449
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Katy
In the Katy area, 6 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 237) and received an average PPP loan of $405,775 (compared to this company's $2.35M).
Similar Nearby Businesses Who Received PPP Funding:
Suitespro Property Management LLC
Magnus Real Estate LLC
Mcgrew Properties Inc
Better Way Realty Advisers Inc
Colorme Beat Makeup Suite
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B 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 9 employees, 96% lower than Portico Property Management LLC's reported 237 employees, and received an average PPP loan of $83,394, 96% lower than this company's loan of $2.35M.
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Footnotes & Information
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