PPP Loan Data — TCS Brokerage, Brownsville, TX
TCS Brokerage is a sole proprietorship located at 235 Texas Ave in Brownsville, Texas that received a Coronavirus-related PPP loan from the SBA of $46,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:International Bank of Commerce
TCS Brokerage in Brownsville, TX received a Paycheck Protection Loan of $46,900 through International Bank of Commerce, 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 January, 2021.
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, TCS Brokerage's 2019 payroll expenses are estimated to be at least $225,120.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, TCS Brokerage reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,900
Business Information - TCS Brokerage in Brownsville, TX
235 Texas Ave
Brownsville, TX 78521
Freight Transportation Arrangement
NAICS code 488510
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Brownsville
In the Brownsville area, 51 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 7) and received an average PPP loan of $65,607 (compared to this company's $46,900).
Similar Nearby Businesses Who Received PPP Funding:
Francisco J King&Jill Davidson
Schaefer Equipment Company, LLC
International Warehouses Of Brownsville Inc
Ricardo Gonzalez Customs Borker LLC
G & B Logistics Center Inc
Lccr Forwarding Inc
Medina Forwarding Corp
Industry PPP Comparison Statistics
Nationwide, 26,171 businesses in the "Freight Transportation Arrangement" industry received a total of $1.88B 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 7 employees, the same amount reported by TCS Brokerage and received an average PPP loan of $72,001, 54% higher than this company's loan of $46,900.
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Footnotes & Information
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