PPP Loan Data — SGH Tax Services, Inc, Houston, TX
SGH Tax Services, Inc is a corporation located at 1726 W 18th Street in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,405.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
SGH Tax Services, Inc in Houston, TX received a Paycheck Protection Loan of $25,405 through Allegiance 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, SGH Tax Services, Inc's 2019 payroll expenses are estimated to be at least $121,944.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,162 per employee1
Reported PPP Proceed Usage:
On the PPP application, SGH Tax Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,405
Business Information - SGH Tax Services, Inc in Houston, TX
1726 W 18th Street
Houston, TX 77008
Tax Preparation Services
NAICS code 541213
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 16 businesses in the "Tax Preparation Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 12) and received an average PPP loan of $36,413 (compared to this company's $25,405).
Similar Nearby Businesses Who Received PPP Funding:
SGH Tax Service Inc
Bickley Prescott & Associates LLC
DC & A LLC
L & L Tax Consulting, LLC
NT Marketing Inc
Ray D. Freeman, PC
Industry PPP Comparison Statistics
Nationwide, 50,853 businesses in the "Tax Preparation Services" industry received a total of $1.1B 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 3 employees, 75% lower than SGH Tax Services, Inc's reported 12 employees, and received an average PPP loan of $21,684, 15% lower than this company's loan of $25,405.
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Footnotes & Information
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