PPP Loan Data — Terrence Scott, Houston, TX
Terrence Scott is a sole proprietorship located in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,467.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:U.S. Bank, National Association
Terrence Scott in Houston, TX received a Paycheck Protection Loan of $25,467 through U.S. Bank, National Association, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Terrence Scott reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,467
Business Information - Terrence Scott in Houston, TX
* Full address is redacted to protect the privacy of individuals.
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 7 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $40,329 (compared to this company's $25,467).
Similar Nearby Businesses Who Received PPP Funding:
Hope Counseling Services
Greens Bayou Corridor Coalition
Kinship Konnection LLC
Assured Quality Care Services LLC
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 1500% higher than Terrence Scott's reported 1 employees, and received an average PPP loan of $117,860, 363% higher than this company's loan of $25,467.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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