TX

Teqforce, Inc.

Entity: Subchapter S Corporation

Industry: Employment Placement Agencies

Location: Houston, TX

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Teqforce, Inc. is a subchapter s corporation located at 1225 North Loop W Ste 500 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $26,055.00 in June, 2020.

$ PPP Loan Information

Teqforce, Inc. received a Paycheck Protection Loan of $26,055 through FC MARKETPLACE, LLC (DBA FUNDING CIRCLE), which was approved in June, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Teqforce, Inc.'s total 2019 payroll expenses were approximately $125,064 in order to qualify for the PPP loan amount received.

Unlike most businesses, Teqforce, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Teqforce, Inc. in Houston, TX

Similar Companies near Houston

In the Houston area, 11 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 0) and received an average PPP loan of $1,040,596 (compared to this company's $26,055).

Industry PPP Comparison Statistics

Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 38 employees, and received an average PPP loan of $363,100, 1294% higher than this company's loan of $26,055.