PPP Loan Data — Sun Houston, LLC, Houston, TX
Sun Houston, LLC is a limited liability company (LLC) located at 7601 Fannin St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,278,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sun Houston, LLC in Houston, TX received a Paycheck Protection Loan of $2.28M through Comerica Bank, which was approved in April, 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, Sun Houston, LLC's 2019 payroll expenses are estimated to be at least $10.94M.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $54,691 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sun Houston, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,823,060
- Mortgage Interest: $455,740
Business Information - Sun Houston, LLC in Houston, TX
7601 Fannin St
Houston, TX 77054
Psychiatric and Substance Abuse Hospitals
NAICS code 622210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,071 businesses in the "Psychiatric and Substance Abuse Hospitals" industry received a total of $316.25M 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 32 employees, 84% lower than Sun Houston, LLC's reported 200 employees, and received an average PPP loan of $295,289, 87% lower than this company's loan of $2.28M.
FederalPay's PPP Information Policy
Footnotes & Information
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