PPP Loan Data — Sandra R. Serrano, Corpus Christi, TX
Sandra R. Serrano is a sole proprietorship located at 3523 S Staples St in Corpus Christi, Texas that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sandra R. Serrano in Corpus Christi, TX received a Paycheck Protection Loan of $25,100 through Frost Bank, 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 May, 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, Sandra R. Serrano's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,211 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sandra R. Serrano reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Sandra R. Serrano in Corpus Christi, TX
3523 S Staples St
Corpus Christi, TX 78411
Automobile Driving Schools
NAICS code 611692
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Corpus Christi
In the Corpus Christi area, 3 businesses in the "Automobile Driving Schools" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $14,300 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Corpus Christi Driving School
Corpus Christi, TX
Corpus Christi Driving School LLC
Corpus Christi, TX
Industry PPP Comparison Statistics
Nationwide, 3,039 businesses in the "Automobile Driving Schools" industry received a total of $104.17M 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 7 employees, the same amount reported by Sandra R. Serrano and received an average PPP loan of $34,277, 37% higher than this company's loan of $25,100.
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Footnotes & Information
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