PPP Loan Data — Anderson Merchandisers, LLC, Plano, TX
Anderson Merchandisers, LLC is a limited liability company (LLC) located at 5601 Granite Pkwy Suite1400 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $2,951,422.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST SOUTHERN BANK
Anderson Merchandisers, LLC in Plano, TX received a Paycheck Protection Loan of $2.95M through FIRST SOUTHERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Anderson Merchandisers, LLC's total 2019 payroll expenses were approximately $14.17M in order to qualify for the PPP loan amount received.
Based on their reported 163 jobs retained, this equals an estimated average yearly compensation of $86,913 per employee1.
Business Information - Anderson Merchandisers, LLC in Plano, TX
5601 Granite Pkwy Suite1400
Plano, TX 75024
Wholesale Trade Agents and Brokers (NAICS code 425120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-03
Similar Companies near Plano
In the Plano area, 7 businesses in the "Wholesale Trade Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 163) and received an average PPP loan of $473,560 (compared to this company's $2.95M).
Similar Nearby Businesses Who Received PPP Funding:
W3 Sales, Inc.
Master Sales & Marketing
NAN Vanderburg Murfee
Jeff Hill And Associates, Inc.
A & R Retail Inc
S K Intraworld LLC
Industry PPP Comparison Statistics
Nationwide, 6,141 businesses in the "Wholesale Trade Agents and Brokers" industry received a total of $437,561,611.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 97% lower than Anderson Merchandisers, LLC's reported 163 employees, and received an average PPP loan of $71,253, 98% lower than this company's loan of $2.95M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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