PPP Loan Data — QIH, Inc, So Houston, TX
QIH, Inc is a subchapter s corporation located at 1505 College Ave in So Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fountainhead SBF LLC
QIH, Inc in So Houston, TX received a Paycheck Protection Loan of $25,000 through Fountainhead SBF LLC, 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, QIH, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, QIH, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - QIH, Inc in So Houston, TX
1505 College Ave
So Houston, TX 77587
All Other Support Services
NAICS code 561990
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near So Houston
In the So Houston area, 6 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 6) and received an average PPP loan of $53,938 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Jeffrey Alan Neale, Rph
South Houston, TX
Industry PPP Comparison Statistics
Nationwide, 33,705 businesses in the "All Other Support Services" industry received a total of $1.71B 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 7 employees, 17% higher than QIH, Inc's reported 6 employees, and received an average PPP loan of $50,635, 103% higher than this company's loan of $25,000.
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Footnotes & Information
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