PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Shrena Corp, Spring, TX

ALERT: There are 2 PPP loans for a total of $54,400 in our database for businesses with the name "Shrena Corp" in Spring, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Shrena Corp

FRANCHISE

TX

Shrena Corp

Entity: Limited Liability Company (LLC)

Industry: All Other Traveler Accommodation

Franchise: Palace Inn

Location: Spring, TX

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Shrena Corp is a limited liability company (LLC) located at 21111 Interstate 45 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $31,700.00 in March, 2021. This business is a Palace Inn franchise.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #2126238702

Loan Size:

$31,700

Jobs Retained:

4

Loan Approved:

2021-03-28

Loan Status:

Paid in Full or Forgiven

Lender:

Austin Bank, Texas National Association

Shrena Corp in Spring, TX received a Paycheck Protection Loan of $31,700 through Austin Bank, Texas National Association, which was approved in March, 2021.

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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Shrena Corp's 2019 payroll expenses are estimated to be at least $152,160.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $38,040 per employee1

Reported PPP Proceed Usage:

On the PPP application, Shrena Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $31,696
  • Utilities: $1

Business Information - Shrena Corp in Spring, TX

Shrena Corp
21111 Interstate 45
Spring, TX 77388

Business Industry:
All Other Traveler Accommodation
NAICS code 721199

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Spring

In the Spring area, 11 businesses in the "All Other Traveler Accommodation" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $20,114 (compared to this company's $31,700).

Industry PPP Comparison Statistics

Nationwide, 30,648 businesses in the "All Other Traveler Accommodation" industry received a total of $1.29B 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 6 employees, 50% higher than Shrena Corp's reported 4 employees, and received an average PPP loan of $42,012, 33% higher than this company's loan of $31,700.

SBA PPP loan data, payroll data, and salaries for Shrena Corp
TX

Shrena Corp

Entity: Limited Liability Company (LLC)

Industry: Hotels (except Casino Hotels) and Motels

Location: Spring, TX

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Shrena Corp is a limited liability company (LLC) located at 21111 Interstate 45 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $22,700.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #4350707208

Loan Size:

$22,700

Jobs Retained:

4

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Austin Bank, Texas National Association

Shrena Corp in Spring, TX received a Paycheck Protection Loan of $22,700 through Austin Bank, Texas National Association, 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

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Shrena Corp's 2019 payroll expenses are estimated to be at least $108,960.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $27,240 per employee1

Reported PPP Proceed Usage:

On the PPP application, Shrena Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $22,700

Business Information - Shrena Corp in Spring, TX

Shrena Corp
21111 Interstate 45
Spring, TX 77388

Business Industry:
Hotels (except Casino Hotels) and Motels
NAICS code 721110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Spring

In the Spring area, 22 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 4) and received an average PPP loan of $107,828 (compared to this company's $22,700).

Industry PPP Comparison Statistics

Nationwide, 81,995 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $13.92B 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 23 employees, 475% higher than Shrena Corp's reported 4 employees, and received an average PPP loan of $169,748, 648% higher than this company's loan of $22,700.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/shrena-corp-spring-tx