PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — ACN Ventures Inc, Dallas, TX

ALERT: There are 2 PPP loans for a total of $26,400 in our database for businesses with the name "ACN Ventures Inc" in Dallas, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for ACN Ventures Inc
TX

ACN Ventures Inc

Entity: Corporation

Industry: Offices of Real Estate Agents and Brokers

Location: Dallas, TX

Search All PPP Data

ACN Ventures Inc is a corporation located at 1700 Cedar Springs Rd Apt 2203 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $13,200.00 in February, 2021.

$ PPP Loan Information
Loan #8245018401

Loan Size:

$13,200

Jobs Retained:

1

Loan Approved:

2021-02-13

Loan Status:

Paid in Full or Forgiven

Lender:

First United Bank and Trust Company

ACN Ventures Inc in Dallas, TX received a Paycheck Protection Loan of $13,200 through First United Bank and Trust Company, which was approved in February, 2021.

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 September, 2021.

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, ACN Ventures Inc's 2019 payroll expenses are estimated to be at least $63,360.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $63,360 per employee1

Reported PPP Proceed Usage:

On the PPP application, ACN Ventures Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,199

Business Information - ACN Ventures Inc in Dallas, TX

ACN Ventures Inc
1700 Cedar Springs Rd Apt 2203
Dallas, TX 75202

Business Industry:
Offices of Real Estate Agents and Brokers
NAICS code 531210

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

Dallas County, TX — SBA Office 0610 — Congressional District: TX-30

Similar Companies near Dallas

In the Dallas area, 105 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $48,841 (compared to this company's $13,200).

Industry PPP Comparison Statistics

Nationwide, 251,917 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.68B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 100% higher than ACN Ventures Inc's reported 1 employees, and received an average PPP loan of $22,541, 71% higher than this company's loan of $13,200.

SBA PPP loan data, payroll data, and salaries for ACN Ventures, Inc
TX

ACN Ventures, Inc

Entity: Corporation

Industry: Other Activities Related to Real Estate

Location: Dallas, TX

Search All PPP Data

ACN Ventures, Inc is a corporation located at 1700 Cedar Springs Road, Unit 2203 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $13,200.00 in June, 2020.

$ PPP Loan Information
Loan #3147498006

Loan Size:

$13,200

Jobs Retained:

1

Loan Approved:

2020-06-24

Loan Status:

Paid in Full or Forgiven

Lender:

First United Bank and Trust Company

ACN Ventures, Inc in Dallas, TX received a Paycheck Protection Loan of $13,200 through First United Bank and Trust Company, which was approved in June, 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

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, ACN Ventures, Inc's 2019 payroll expenses are estimated to be at least $63,360.

Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $63,360 per employee1

Reported PPP Proceed Usage:

On the PPP application, ACN Ventures, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $13,200

Business Information - ACN Ventures, Inc in Dallas, TX

ACN Ventures, Inc
1700 Cedar Springs Road, Unit 2203
Dallas, TX 75202

Business Industry:
Other Activities Related to Real Estate
NAICS code 531390

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

Dallas County, TX — SBA Office 0610 — Congressional District: TX-30

Similar Companies near Dallas

In the Dallas area, 71 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 1) and received an average PPP loan of $230,052 (compared to this company's $13,200).

Industry PPP Comparison Statistics

Nationwide, 77,402 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B 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 4 employees, 300% higher than ACN Ventures, Inc's reported 1 employees, and received an average PPP loan of $47,089, 257% higher than this company's loan of $13,200.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/acn-ventures-inc-dallas-tx