PPP Loan Data — Razz Financials LLC, San Antonio, TX
Razz Financials LLC is a corporation located at 8930 Wurzbach Rd Ste 260, in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $25,487.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Razz Financials LLC in San Antonio, TX received a Paycheck Protection Loan of $25,487 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Razz Financials LLC's 2019 payroll expenses are estimated to be at least $122,338.
Based on their reported 50 jobs retained, this equals an estimated average yearly compensation of $2,447 per employee1
Reported PPP Proceed Usage:
On the PPP application, Razz Financials LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,000
- Rent: $4,487
Business Information - Razz Financials LLC in San Antonio, TX
8930 Wurzbach Rd Ste 260,
San Antonio, TX 78240
Tax Preparation Services
NAICS code 541213
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near San Antonio
In the San Antonio area, 4 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 50) and received an average PPP loan of $12,894 (compared to this company's $25,487).
Similar Nearby Businesses Who Received PPP Funding:
Julz Financial Consulting LLC
San Antonio, TX
Rosary Gonzales Michaels
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 50,853 businesses in the "Tax Preparation Services" industry received a total of $1.1B 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 3 employees, 94% lower than Razz Financials LLC's reported 50 employees, and received an average PPP loan of $21,684, 15% lower than this company's loan of $25,487.
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Footnotes & Information
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