PPP Loan Data — Universal Flow Controls Inc, Laredo, TX
Universal Flow Controls Inc is a corporation located at 518 Nafta Blvd Ste B in Laredo, Texas that received a Coronavirus-related PPP loan from the SBA of $25,147.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Universal Flow Controls Inc in Laredo, TX received a Paycheck Protection Loan of $25,147 through BBVA USA, 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, Universal Flow Controls Inc's 2019 payroll expenses are estimated to be at least $120,706.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,177 per employee1
Reported PPP Proceed Usage:
On the PPP application, Universal Flow Controls Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,147
Business Information - Universal Flow Controls Inc in Laredo, TX
518 Nafta Blvd Ste B
Laredo, TX 78045
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Laredo
In the Laredo area, 7 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $107,077 (compared to this company's $25,147).
Similar Nearby Businesses Who Received PPP Funding:
Gilpin Engineering Company
Kozar Consulting Scorp
Castle Engineering And Testing LLC
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B 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 13 employees, 225% higher than Universal Flow Controls Inc's reported 4 employees, and received an average PPP loan of $194,873, 675% higher than this company's loan of $25,147.
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Footnotes & Information
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