PPP Loan Data — The Shemer Group Inc, Bellaire, TX
The Shemer Group Inc is a corporation located at 5314 Pine St in Bellaire, Texas that received a Coronavirus-related PPP loan from the SBA of $25,082.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Shemer Group Inc in Bellaire, TX received a Paycheck Protection Loan of $25,082 through Origin Bank, 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 May, 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, The Shemer Group Inc's 2019 payroll expenses are estimated to be at least $120,394.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,079 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Shemer Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,811
- Utilities: $2,271
- Mortgage Interest: $4,000
Business Information - The Shemer Group Inc in Bellaire, TX
5314 Pine St
Bellaire, TX 77401
Lessors of Residential Buildings and Dwellings
NAICS code 531110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bellaire
In the Bellaire area, 9 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $48,207 (compared to this company's $25,082).
Similar Nearby Businesses Who Received PPP Funding:
Dunlavy Development Phase I LLC
Turtle Creek Partnership
Jones Home Group LLC
Wurzbach 2016 LLC
Longreach Associates LTD I LLC
4045 Bellfort LLC
Evergreen Commercial Realty, LLC
Industry PPP Comparison Statistics
Nationwide, 28,867 businesses in the "Lessors of Residential Buildings and Dwellings" industry received a total of $2.03B 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, 60% higher than The Shemer Group Inc's reported 5 employees, and received an average PPP loan of $70,456, 181% higher than this company's loan of $25,082.
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Footnotes & Information
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