PPP Loan Data — The Center For Pursuit, Houston, TX
The Center For Pursuit is a non-profit organization located at 810 Marston St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,001,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
The Center For Pursuit in Houston, TX received a Paycheck Protection Loan of $2M through Frost Bank, which was approved in April, 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, The Center For Pursuit's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $28,757 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Center For Pursuit reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,001,000
Business Information - The Center For Pursuit in Houston, TX
810 Marston St
Houston, TX 77019
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: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 9 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 334) and received an average PPP loan of $247,688 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Childrens Prison Arts Project
Texas Alcoholism Foundation, Inc
Kelley Dawson Counseling PLLC
Houston Coalition For Life
P.u.s.h. Up Recovery 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, 95% lower than The Center For Pursuit's reported 334 employees, and received an average PPP loan of $117,860, 94% lower than this company's loan of $2M.
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Footnotes & Information
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