PPP Loan Data — Texas Apartment Association Education Foundation, Austin, TX
Texas Apartment Association Education Foundation is a non-profit organization located at 1011 San Jacinto Blvd, Ste 600 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Texas Apartment Association Education Foundation in Austin, TX received a Paycheck Protection Loan of $25,500 through Frost Bank, which was approved in April, 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.
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, Texas Apartment Association Education Foundation's 2019 payroll expenses are estimated to be at least $122,400 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Texas Apartment Association Education Foundation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Texas Apartment Association Education Foundation in Austin, TX
1011 San Jacinto Blvd, Ste 600
Austin, TX 78701
NAICS code 813910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 24 businesses in the "Business Associations" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 1) and received an average PPP loan of $210,934 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Texas Chiropractic Association Inc
Ramon A. Molinar
Greater Austin Chamber Of Commerce
Texas Association Of Community Development Corporations
Chioco Design LLC
Texas Public Employees Association
Texas Association Of Builders
Industry PPP Comparison Statistics
Nationwide, 18,409 businesses in the "Business Associations" industry received a total of $1.18B 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 5 employees, 400% higher than Texas Apartment Association Education Foundation's reported 1 employees, and received an average PPP loan of $64,358, 152% higher than this company's loan of $25,500.
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Footnotes & Information
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