PPP Loan Data — RT Thai Massage LLC, Houston, TX
RT Thai Massage LLC is a limited liability company (LLC) located at 4410 Westway Park Blvd Ste 400 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $45,980.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
RT Thai Massage LLC in Houston, TX received a Paycheck Protection Loan of $45,980 through Bank of America, 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 April, 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, RT Thai Massage LLC's 2019 payroll expenses are estimated to be at least $220,704.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,392 per employee1
Reported PPP Proceed Usage:
On the PPP application, RT Thai Massage LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,980
Business Information - RT Thai Massage LLC in Houston, TX
4410 Westway Park Blvd Ste 400
Houston, TX 77041
All Other Personal Services
NAICS code 812990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 221 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 12) and received an average PPP loan of $30,492 (compared to this company's $45,980).
Similar Nearby Businesses Who Received PPP Funding:
Phoenyx Rebirth LLC
Elieser Boizan Raymond
Raymond Scott Properties
1 Lash, LLC
Industry PPP Comparison Statistics
Nationwide, 237,729 businesses in the "All Other Personal Services" industry received a total of $5.63B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 75% lower than RT Thai Massage LLC's reported 12 employees, and received an average PPP loan of $23,676, 49% lower than this company's loan of $45,980.
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Footnotes & Information
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