PPP Loan Data — T&H Laboratory, Inc, Kerrville, TX
T&H Laboratory, Inc is a corporation located at 101 Fairway Drive in Kerrville, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as an Asian female owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Newtek Small Business Finance, Inc.
T&H Laboratory, Inc in Kerrville, TX received a Paycheck Protection Loan of $25,000 through Newtek Small Business Finance, Inc., 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 March, 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, T&H Laboratory, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, T&H Laboratory, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - T&H Laboratory, Inc in Kerrville, TX
101 Fairway Drive
Kerrville, TX 78028
NAICS code 339116
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kerrville
In the Kerrville area, 2 businesses in the "Dental Laboratories" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $19,748 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
True Dental Arts, LLC
Industry PPP Comparison Statistics
Nationwide, 6,631 businesses in the "Dental Laboratories" industry received a total of $469.5M 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 8 employees, 167% higher than T&H Laboratory, Inc's reported 3 employees, and received an average PPP loan of $70,804, 183% higher than this company's loan of $25,000.
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Footnotes & Information
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