PPP Loan Data — The Enrichery, Houston, TX
The Enrichery is a limited liability company (LLC) located at 9111 Katy Fwy Ste 310 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
The Enrichery in Houston, TX received a Paycheck Protection Loan of $25,500 through Allegiance 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 Enrichery's 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $13,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Enrichery reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - The Enrichery in Houston, TX
9111 Katy Fwy Ste 310
Houston, TX 77024
Exam Preparation and Tutoring
NAICS code 611691
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, 8 businesses in the "Exam Preparation and Tutoring" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 9) and received an average PPP loan of $18,763 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
Terry Thomas Ward
Be Bilingual, Inc
The Haberman Educational Foundation,Inc
Industry PPP Comparison Statistics
Nationwide, 10,564 businesses in the "Exam Preparation and Tutoring" industry received a total of $359.15M 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 7 employees, 22% lower than The Enrichery's reported 9 employees, and received an average PPP loan of $33,998, 33% higher than this company's loan of $25,500.
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Footnotes & Information
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