PPP Loan Data — Quality Northside Roofing LLC, Conroe, TX
Quality Northside Roofing LLC is a corporation located at 2323 N Frazier St in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $25,485.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Financial Bank, National Association
Quality Northside Roofing LLC in Conroe, TX received a Paycheck Protection Loan of $25,485 through First Financial Bank, National Association, 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 May, 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, Quality Northside Roofing LLC's 2019 payroll expenses are estimated to be at least $122,328.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,776 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quality Northside Roofing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,114
- Utilities: $6,371
Business Information - Quality Northside Roofing LLC in Conroe, TX
2323 N Frazier St
Conroe, TX 77303
NAICS code 238160
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Conroe
In the Conroe area, 4 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $13,276 (compared to this company's $25,485).
Similar Nearby Businesses Who Received PPP Funding:
Brazos Urethane Puerto Rico, LLC
Pedro Roman Jimenez
Industry PPP Comparison Statistics
Nationwide, 28,905 businesses in the "Roofing Contractors" industry received a total of $2.88B 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, 200% higher than Quality Northside Roofing LLC's reported 3 employees, and received an average PPP loan of $99,538, 291% higher than this company's loan of $25,485.
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Footnotes & Information
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