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PPP Loan Data — Acadia Services, LLC, Richland Hills, TX

SBA PPP loan data, payroll data, and salaries for Acadia Services, LLC
TX

Acadia Services, LLC

Entity: Limited Liability Company (LLC)

Industry: Water and Sewer Line and Related Structures Construction

Location: Richland Hills, TX

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Acadia Services, LLC is a limited liability company (LLC) located at 6750 Boulevard 26 in Richland Hills, Texas that received a Coronavirus-related PPP loan from the SBA of $1,552,600.00 in April, 2020.

$ PPP Loan Information
Loan #6032227003

Loan Size:

$1.55M

Jobs Retained:

172

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

Central National Bank

Acadia Services, LLC in Richland Hills, TX received a Paycheck Protection Loan of $1.55M through Central National 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 December, 2020.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Acadia Services, LLC's 2019 payroll expenses are estimated to be at least $7.45M.

Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $43,328 per employee1

Reported PPP Proceed Usage:

On the PPP application, Acadia Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,397,300
  • Mortgage Interest: $6,300
  • Debt Interest: $149,000

Business Information - Acadia Services, LLC in Richland Hills, TX

Acadia Services, LLC
6750 Boulevard 26
Richland Hills, TX 76180

Business Industry:
Water and Sewer Line and Related Structures Construction
NAICS code 237110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Tarrant County, TX — SBA Office 0610 — Congressional District: TX-12

Similar Companies near Richland Hills

In the Richland Hills area, 3 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 172) and received an average PPP loan of $555,600 (compared to this company's $1.55M).

Industry PPP Comparison Statistics

Nationwide, 8,904 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1.93B 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 17 employees, 90% lower than Acadia Services, LLC's reported 172 employees, and received an average PPP loan of $216,804, 86% lower than this company's loan of $1.55M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/acadia-services-llc-richland-hills-tx