PPP Loan Data — RS Tile & Marble Inc, Houston, TX
RS Tile & Marble Inc
Location: Houston, TXTweet This • Search All PPP Data
RS Tile & Marble Inc is a corporation located at 4067 Hollister in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,377.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
RS Tile & Marble Inc in Houston, TX received a Paycheck Protection Loan of $25,377 through Loan Source Incorporated, 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, RS Tile & Marble Inc's 2019 payroll expenses are estimated to be at least $121,810.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,603 per employee1
Reported PPP Proceed Usage:
On the PPP application, RS Tile & Marble Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,377
Business Information - RS Tile & Marble Inc in Houston, TX
Houston, TX 77080
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 17 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $87,561 (compared to this company's $25,377).
Similar Nearby Businesses Who Received PPP Funding:
C.c. Hunter, Inc
Niagara Craftsman Inc
The Gonzalez Group, LP
Steven R Hill Construction Co Inc
Dobbins Floor Covering Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 300% higher than RS Tile & Marble Inc's reported 3 employees, and received an average PPP loan of $157,325, 520% higher than this company's loan of $25,377.
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