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PPP Loan Data — Summit Capital Partners-Retail Services MD, LP, Houston, TX

SBA PPP loan data, payroll data, and salaries for Summit Capital Partners-Retail Services MD, LP
TX

Summit Capital Partners-Retail Services MD, LP

Entity: Limited Liability Partnership

Industry: General Rental Centers

Location: Houston, TX

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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

Loan Size:

$2.78M

Jobs Retained:

205

Loan Approved:

2020-04-04

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.

Because the loan received by Summit Capital Partners-Retail Services MD, LP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Summit Capital Partners-Retail Services MD, LP in Houston, TX

Summit Capital Partners-Retail Services MD, LP
5100 San Felipe St
Houston, TX 77056

Business Industry

General Rental Centers (NAICS code 532310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/summit-capital-partners-retail-services-md-lp-houston-tx