PPP Loan Data — Richard Grothues Designs, Inc, Houston, TX
Richard Grothues Designs, Inc is a subchapter s corporation located at 8734 Dawnblush Lane in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,040.00 in June, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Richard Grothues Designs, Inc in Houston, TX received a Paycheck Protection Loan of $46,040 through Allegiance Bank, which was approved in June, 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, Richard Grothues Designs, Inc's 2019 payroll expenses are estimated to be at least $220,992.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,248 per employee1
Reported PPP Proceed Usage:
On the PPP application, Richard Grothues Designs, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,040
Business Information - Richard Grothues Designs, Inc in Houston, TX
8734 Dawnblush Lane
Houston, TX 77095
NAICS code 541310
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 12 businesses in the "Architectural Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $46,417 (compared to this company's $46,040).
Similar Nearby Businesses Who Received PPP Funding:
Interplan Architects, Inc
BEY Design LLC
Adebayo Quadri Shitta
ARC Three Studio LLC
Markel Interests LLC
Pacific Consulting Group Inc
Industry PPP Comparison Statistics
Nationwide, 29,037 businesses in the "Architectural Services" industry received a total of $3.76B 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 8 employees, 100% higher than Richard Grothues Designs, Inc's reported 4 employees, and received an average PPP loan of $129,489, 181% higher than this company's loan of $46,040.
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Footnotes & Information
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