PPP Loan Data — Transformation 5701 LLC, Houston, TX
Transformation 5701 LLC is a limited liability company (LLC) located at 5701 Main Street in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,493,400.00 in April, 2020.
$ PPP Loan Information
Transformation 5701 LLC in Houston, TX received a Paycheck Protection Loan of $2.49M through BANCFIRST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Transformation 5701 LLC's total 2019 payroll expenses were approximately $11.97M in order to qualify for the PPP loan amount received.
Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $48,259 per employee1.
Business Information - Transformation 5701 LLC in Houston, TX
5701 Main Street
Houston, TX 77005
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Similar Companies near Houston
In the Houston area, 6 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 248) and received an average PPP loan of $556,786 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
Balaji Lodging Group Inc.
Camden Hotels, Inc
Z Resorts Management LLC
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 92% lower than Transformation 5701 LLC's reported 248 employees, and received an average PPP loan of $161,149, 94% lower than this company's loan of $2.49M.
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Footnotes & Information
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