PPP Loan Data — Yellow City Remodeling, LLC, Canyon, TX
Yellow City Remodeling, LLC is a limited liability company (LLC) located at 5400 Melissa Rd in Canyon, Texas that received a Coronavirus-related PPP loan from the SBA of $24,925.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Yellow City Remodeling, LLC in Canyon, TX received a Paycheck Protection Loan of $24,925 through BOC 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 February, 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, Yellow City Remodeling, LLC's 2019 payroll expenses are estimated to be at least $119,640.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Yellow City Remodeling, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,694
- Utilities: $3,116
- Mortgage Interest: $3,116
Business Information - Yellow City Remodeling, LLC in Canyon, TX
5400 Melissa Rd
Canyon, TX 79015
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Canyon
In the Canyon area, 8 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $15,382 (compared to this company's $24,925).
Similar Nearby Businesses Who Received PPP Funding:
Homecrest Properties Inc
Alley Woodworks LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B 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 3 employees, the same amount reported by Yellow City Remodeling, LLC and received an average PPP loan of $30,405, 22% higher than this company's loan of $24,925.
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Footnotes & Information
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