PPP Loan Data — Sands Of Texas Jewelry LLC, Austin, TX
Sands Of Texas Jewelry LLC
Entity: Sole Proprietorship
Location: Austin, TXTweet This • Search All PPP Data
Sands Of Texas Jewelry LLC is a sole proprietorship located at 7801 North Lamar Boulevard, Ste A-140 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sands Of Texas Jewelry LLC in Austin, TX received a Paycheck Protection Loan of $46,000 through Customers 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 February, 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, Sands Of Texas Jewelry LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sands Of Texas Jewelry LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Sands Of Texas Jewelry LLC in Austin, TX
7801 North Lamar Boulevard, Ste A-140
Austin, TX 78752
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 55 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $94,734 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Mimi Spa Nail Supply LLC
Lamar Store LLC
Silver Wolf, Inc
Elevate Bartending, LLC
R Martin Limited Company
Continental Imports Inc
Chin's Gift Shop
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 20% lower than Sands Of Texas Jewelry LLC's reported 5 employees, and received an average PPP loan of $34,329, 25% lower than this company's loan of $46,000.
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