PPP Loan Data — Safeway Signs,1 LP, Houston, TX
Safeway Signs,1 LP is a partnership located at 12842 Nimitz St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Safeway Signs,1 LP in Houston, TX received a Paycheck Protection Loan of $46,400 through Comerica Bank, 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, Safeway Signs,1 LP's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,817 per employee1
Reported PPP Proceed Usage:
On the PPP application, Safeway Signs,1 LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Safeway Signs,1 LP in Houston, TX
12842 Nimitz St
Houston, TX 77015
Commercial Screen Printing
NAICS code 323113
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, 8 businesses in the "Commercial Screen Printing" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $21,771 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Francisca Araceli Gomez Esparza
Industry PPP Comparison Statistics
Nationwide, 10,551 businesses in the "Commercial Screen Printing" industry received a total of $660.61M 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, 14% higher than Safeway Signs,1 LP's reported 7 employees, and received an average PPP loan of $62,611, 35% higher than this company's loan of $46,400.
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Footnotes & Information
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