PPP Loan Data — Summit Capital Partners-Retail Services MD, LP, Houston, TX
Summit Capital Partners-Retail Services MD, LP is a limited liability partnership located at 5100 San Felipe St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,781,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 205 people during the applicable loan loan period.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
Summit Capital Partners-Retail Services MD, LP received a Paycheck Protection Loan of $2.78M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Summit Capital Partners-Retail Services MD, LP's total 2019 payroll expenses were approximately $13.35M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $65,128 per employee1.
Business Information - Summit Capital Partners-Retail Services MD, LP in Houston, TX
5100 San Felipe St
Houston, TX 77056
General Rental Centers (NAICS code 532310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-07
Industry PPP Comparison Statistics
Nationwide, 1,297 businesses in the "General Rental Centers" industry received a total of $126,803,630.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 96% lower than Summit Capital Partners-Retail Services MD, LP's reported 205 employees, and received an average PPP loan of $97,767, 96% lower than this company's loan of $2.78M.
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Footnotes & Information
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