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PPP Loan Data — Stephen L. Brochstein PC,
Houston, TX
Stephen L. Brochstein PC
Entity: Professional Association
Industry: All Other Legal Services
Location: Houston, TX
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Stephen L. Brochstein PC is a professional association located at 5333 Gulfton St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $16,667.00 in January, 2021.
$
PPP Loan Information
Loan #8443888307
Loan Size:
Jobs Retained:
1Loan Approved:
2021-01-29Loan Status:
Ongoing LoanLender:
BOKF, National AssociationStephen L. Brochstein PC in Houston, TX received a Paycheck Protection Loan of $16,667 through BOKF, National Association, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Stephen L. Brochstein PC's 2019 payroll expenses are estimated to be at least $80,002.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $80,002 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephen L. Brochstein PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,666
Business Information - Stephen L. Brochstein PC in Houston, TX
5333 Gulfton St
Houston, TX 77081
Business Industry:
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 11 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $17,834 (compared to this company's $16,667).
Similar Nearby Businesses Who Received PPP Funding:
Greta J Kirkland
Houston, TX
Alexander Mayan Ortiz
Houston, TX
Infinity Reporting Group LLC
Houston, TX
Carlisle Ventures PC
Houston, TX
Megan Rollag
Houston, TX
Licensed Court Interpreter
Houston, TX
Jeanette Leyva
Houston, TX
Ewanshia Graham
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 17,879 businesses in the "All Other Legal Services" industry received a total of $860.5M 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 4 employees, 300% higher than Stephen L. Brochstein PC's reported 1 employees, and received an average PPP loan of $48,129, 189% higher than this company's loan of $16,667.
Stephen L Brochstein PC
Entity: Professional Association
Industry: Offices of Lawyers
Location: Houston, TX
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Stephen L Brochstein PC is a professional association located at 5333 Gulfton in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $16,000.00 in April, 2020.
$
PPP Loan Information
Loan #9703407200
Loan Size:
Jobs Retained:
1Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
BOKF, National AssociationStephen L Brochstein PC in Houston, TX received a Paycheck Protection Loan of $16,000 through BOKF, 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 February, 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 MoreUnderstanding 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 MoreBased 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, Stephen L Brochstein PC's 2019 payroll expenses are estimated to be at least $76,800.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $76,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stephen L Brochstein PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,000
Business Information - Stephen L Brochstein PC in Houston, TX
5333 Gulfton
Houston, TX 77081
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 42 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $30,784 (compared to this company's $16,000).
Similar Nearby Businesses Who Received PPP Funding:
Law Office Of Robert Gallego & Associates
Houston, TX
Jorge L. Gomez, PC
Houston, TX
Law Office Of Baldo Garza PLLC
Houston, TX
Law Office Of Laura Franco PLLC
Houston, TX
The Law Offices Of Eduardo Garcia
Houston, TX
Melanie D. Bean, PC
Houston, TX
Joan Kehlhof
Houston, TX
Clifford D. Peel II, PLLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 500% higher than Stephen L Brochstein PC's reported 1 employees, and received an average PPP loan of $81,518, 409% higher than this company's loan of $16,000.
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.
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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