PPP Loan Data — Ranch House Recover LLC, Elgin, TX
Ranch House Recover LLC
Entity: Limited Liability Company (LLC)
Location: Elgin, TXTweet This • Search All PPP Data
Ranch House Recover LLC is a limited liability company (LLC) located at 263 Roemer Rd in Elgin, Texas that received a Coronavirus-related PPP loan from the SBA of $25,089.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Ranch House Recover LLC in Elgin, TX received a Paycheck Protection Loan of $25,089 through Wells Fargo Bank, 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, Ranch House Recover LLC's 2019 payroll expenses are estimated to be at least $120,427.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,204 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ranch House Recover LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,089
Business Information - Ranch House Recover LLC in Elgin, TX
263 Roemer Rd
Elgin, TX 78621
Residential Mental Health and Substance Abuse Facilities
NAICS code 623220
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Elgin
In the Elgin area, 3 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $22,840 (compared to this company's $25,089).
Similar Nearby Businesses Who Received PPP Funding:
Palmer Drug Abuse Program Of Austin, Inc
Dripping Springs, TX
Industry PPP Comparison Statistics
Nationwide, 3,600 businesses in the "Residential Mental Health and Substance Abuse Facilities" industry received a total of $1.06B 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 36 employees, 414% higher than Ranch House Recover LLC's reported 7 employees, and received an average PPP loan of $295,104, 1076% higher than this company's loan of $25,089.
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