PPP Loan Data — Rush Hour Biomedical Services LLC, Humble, TX
Rush Hour Biomedical Services LLC
Entity: Limited Liability Company (LLC)
Location: Humble, TXTweet This • Search All PPP Data
Rush Hour Biomedical Services LLC is a limited liability company (LLC) located at 14827 Barton Grove Ln in Humble, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Rush Hour Biomedical Services LLC in Humble, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Rush Hour Biomedical Services LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Rush Hour Biomedical Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,600
- Utilities: $200
- Rent: $200
Business Information - Rush Hour Biomedical Services LLC in Humble, TX
14827 Barton Grove Ln
Humble, TX 77396
All Other Miscellaneous Ambulatory Health Care Services
NAICS code 621999
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Humble
In the Humble area, 5 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $71,842 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Radiology Imaging Staffing & Consulting
KN Health Services LLC
Solutions Medical Group, PLLC
Industry PPP Comparison Statistics
Nationwide, 18,626 businesses in the "All Other Miscellaneous Ambulatory Health Care Services" industry received a total of $1.65B 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, 500% higher than Rush Hour Biomedical Services LLC's reported 2 employees, and received an average PPP loan of $88,620, 254% higher than this company's loan of $25,000.
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