PPP Loan Data — Toth Enterprises II, PA, Austin, TX
Toth Enterprises II, PA
Entity: Subchapter S Corporation
Location: Austin, TXTweet This • Search All PPP Data
Toth Enterprises II, PA is a subchapter s corporation located at 4303 Victory Dr in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $1,536,102.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 138 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Texas Capital Bank, National Association
Toth Enterprises II, PA in Austin, TX received a Paycheck Protection Loan of $1.54M through Texas Capital Bank, National Association, 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 June, 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, Toth Enterprises II, PA's 2019 payroll expenses are estimated to be at least $7.37M.
Based on their reported 138 jobs retained, this equals an estimated average yearly compensation of $53,430 per employee1
Reported PPP Proceed Usage:
On the PPP application, Toth Enterprises II, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,397,766
- Utilities: $25,000
- Rent: $113,336
Business Information - Toth Enterprises II, PA in Austin, TX
4303 Victory Dr
Austin, TX 78704
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 141 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 138) and received an average PPP loan of $134,762 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Austin Ob\Gyn Associates PLLC
Stephanie A Booth, MD
Richard W Berry MD
Central Texas Geriatric Behavioral Health, PLLC
Saima Jehangir MD PLLC
Sridhar P Reddy MD PA
M. Tyrrell Burrus, PLLC
Industry PPP Comparison Statistics
Nationwide, 176,926 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.07B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 92% lower than Toth Enterprises II, PA's reported 138 employees, and received an average PPP loan of $119,087, 92% lower than this company's loan of $1.54M.
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