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PPP Loan Data — Robert S. Kwok PC,
Houston, TX
Robert S. Kwok PC
Entity: Professional Association
Industry: Offices of Lawyers
Location: Houston, TX
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Robert S. Kwok PC is a professional association located at 9805 Katy Fwy in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $691,413.00 in January, 2021.
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PPP Loan Information
Loan #2076048302
Loan Size:
Jobs Retained:
42Loan Approved:
2021-01-20Loan Status:
Ongoing LoanLender:
Zions Bank, A Division ofRobert S. Kwok PC in Houston, TX received a Paycheck Protection Loan of $691,413 through Zions Bank, A Division of, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert S. Kwok PC's 2019 payroll expenses are estimated to be at least $3.32M.
Based on their reported 42 jobs retained, this equals an estimated average yearly compensation of $79,019 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert S. Kwok PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $691,409
- Utilities: $1
Business Information - Robert S. Kwok PC in Houston, TX
9805 Katy Fwy
Houston, TX 77024
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 187 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 42) and received an average PPP loan of $72,839 (compared to this company's $691,413).
Similar Nearby Businesses Who Received PPP Funding:
Barbara Radnofsky DBA Barbara Ann Radnofsky
Houston, TX
Fred Shepherd, PC
Houston, TX
Jeremy J Sanders PLLC
Houston, TX
Terry Bryant PLLC
Houston, TX
Donald Daum
Houston, TX
Law Office Of Ellen Rubenstein PLLC
Houston, TX
Employee Benefit Systems, Inc
Houston, TX
Law Offices Of Domingo Garcia, LLP
Houston, TX
John Granger
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 200,507 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 86% lower than Robert S. Kwok PC's reported 42 employees, and received an average PPP loan of $81,669, 88% lower than this company's loan of $691,413.
Robert S. Kwok, PC
Entity: Professional Association
Industry: Legal Counsel and Prosecution
Location: Houston, TX
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Robert S. Kwok, PC is a professional association located at 9805 Katy Fwy Ste.850 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $646,100.00 in April, 2020.
$
PPP Loan Information
Loan #4186157108
Loan Size:
Jobs Retained:
47Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
Zions Bank, A Division ofRobert S. Kwok, PC in Houston, TX received a Paycheck Protection Loan of $646,100 through Zions Bank, A Division of, 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 November, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Robert S. Kwok, PC's 2019 payroll expenses are estimated to be at least $3.1M.
Based on their reported 47 jobs retained, this equals an estimated average yearly compensation of $65,985 per employee1
Reported PPP Proceed Usage:
On the PPP application, Robert S. Kwok, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $646,100
Business Information - Robert S. Kwok, PC in Houston, TX
9805 Katy Fwy Ste.850
Houston, TX 77024
Business Industry:
Legal Counsel and Prosecution
NAICS code 922130
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 3 businesses in the "Legal Counsel and Prosecution" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 47) and received an average PPP loan of $229,630 (compared to this company's $646,100).
Similar Nearby Businesses Who Received PPP Funding:
Law Offices Of Stephen Liss, PLLC
Houston, TX
RMH Law Firm PLLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 9,055 businesses in the "Legal Counsel and Prosecution" industry received a total of $544.39M 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 4 employees, 91% lower than Robert S. Kwok, PC's reported 47 employees, and received an average PPP loan of $60,120, 91% lower than this company's loan of $646,100.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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