PPP Loan Data — Team Builders Recruiting And Consulting LLC, Magnolia, TX
Team Builders Recruiting And Consulting LLC is a limited liability company (LLC) located at 50 Heirloom Garden Place in Magnolia, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as an American indian or alaska native female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Team Builders Recruiting And Consulting LLC in Magnolia, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Team Builders Recruiting And Consulting LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Team Builders Recruiting And Consulting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Team Builders Recruiting And Consulting LLC in Magnolia, TX
50 Heirloom Garden Place
Magnolia, TX 77354
Human Resources Consulting Services
NAICS code 541612
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Magnolia
In the Magnolia area, 5 businesses in the "Human Resources Consulting Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $16,625 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Fokal Fusion LLC
William Matthew Pinkston
Mosaics Of Mercy Inc
Team Builders Recruiting And Consulting LLC
The Woodlands, TX
Industry PPP Comparison Statistics
Nationwide, 10,577 businesses in the "Human Resources Consulting Services" industry received a total of $842.84M 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, 250% higher than Team Builders Recruiting And Consulting LLC's reported 2 employees, and received an average PPP loan of $79,686, 219% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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