PPP Loan Data — Sinton Municipal Golf Association, Sinton, TX
Sinton Municipal Golf Association is a non-profit organization located at 13698 Rob & Bessie Welder Park Circle in Sinton, Texas that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sinton Municipal Golf Association in Sinton, TX received a Paycheck Protection Loan of $25,300 through Prosperity Bank, which was approved in May, 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, Sinton Municipal Golf Association's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,288 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sinton Municipal Golf Association reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Sinton Municipal Golf Association in Sinton, TX
13698 Rob & Bessie Welder Park Circle
Sinton, TX 78387
Golf Courses and Country Clubs
NAICS code 713910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sinton
In the Sinton area, 2 businesses in the "Golf Courses and Country Clubs" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $20,895 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Billy R Vickers
Industry PPP Comparison Statistics
Nationwide, 9,352 businesses in the "Golf Courses and Country Clubs" industry received a total of $1.3B 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 28 employees, 460% higher than Sinton Municipal Golf Association's reported 5 employees, and received an average PPP loan of $139,292, 451% higher than this company's loan of $25,300.
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Footnotes & Information
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