PPP Loan Data — ZHU And Huang Investment Inc, Spring, TX
ZHU And Huang Investment Inc is a corporation located at 4334 Farm To Market 2920 10 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $46,250.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc.
ZHU And Huang Investment Inc in Spring, TX received a Paycheck Protection Loan of $46,250 through Transportation Alliance Bank, Inc. d/b/a TAB Bank, Inc., which was approved in May, 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, ZHU And Huang Investment Inc's 2019 payroll expenses are estimated to be at least $222,000.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $18,500 per employee1
Reported PPP Proceed Usage:
On the PPP application, ZHU And Huang Investment Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,000
- Utilities: $3,000
- Rent: $8,250
Business Information - ZHU And Huang Investment Inc in Spring, TX
4334 Farm To Market 2920 10
Spring, TX 77388
All Other Traveler Accommodation
NAICS code 721199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Spring
In the Spring area, 11 businesses in the "All Other Traveler Accommodation" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 12) and received an average PPP loan of $20,114 (compared to this company's $46,250).
Similar Nearby Businesses Who Received PPP Funding:
Alfred Mccoy Jr
Industry PPP Comparison Statistics
Nationwide, 30,922 businesses in the "All Other Traveler Accommodation" industry received a total of $1.29B 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 6 employees, 50% lower than ZHU And Huang Investment Inc's reported 12 employees, and received an average PPP loan of $41,836, 10% lower than this company's loan of $46,250.
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Footnotes & Information
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