PPP Loan Data — R Enterprise, Richmond, TX
R Enterprise is a limited liability company (LLC) located at 7111 Sagebranch Ct in Richmond, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:CommunityBank of Texas, National Association
R Enterprise in Richmond, TX received a Paycheck Protection Loan of $25,000 through CommunityBank of Texas, National Association, which was approved in January, 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, R Enterprise's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, R Enterprise reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - R Enterprise in Richmond, TX
7111 Sagebranch Ct
Richmond, TX 77407
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Richmond
In the Richmond area, 91 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $19,700 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Blue Heron Construction Services, LLC
Advanced Home Exteriors Inc
Genuity Contracting & Construction LLC
WRM Construction LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, the same amount reported by R Enterprise and received an average PPP loan of $30,405, 22% higher than this company's loan of $25,000.
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Footnotes & Information
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