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

PPP Loan Data — Bravo Technical Resources Inc, Dallas, TX

ALERT: There are 2 PPP loans for a total of $4.35M in our database for businesses with the name "Bravo Technical Resources 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 Bravo Technical Resources Inc
TX

Bravo Technical Resources Inc

Entity: Subchapter S Corporation

Industry: Temporary Help Services

Location: Dallas, TX

Search All PPP Data

Bravo Technical Resources Inc is a subchapter s corporation located at 4835 Lyndon B Johnson Fwy Ste 1000 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,800,000.00 in March, 2021.

The company has reported itself as a White male owned business, and employed at least 96 people during the applicable loan loan period.

$ PPP Loan Information
Loan #3114078601

Loan Size:

$1.8M

Jobs Retained:

96

Loan Approved:

2021-03-16

Loan Status:

Paid in Full or Forgiven

Lender:

Frost Bank

Bravo Technical Resources Inc in Dallas, TX received a Paycheck Protection Loan of $1.8M through Frost Bank, which was approved in March, 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 October, 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, Bravo Technical Resources Inc's 2019 payroll expenses are estimated to be at least $8.64M.

Based on their reported 96 jobs retained, this equals an estimated average yearly compensation of $90,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bravo Technical Resources Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,800,000

Business Information - Bravo Technical Resources Inc in Dallas, TX

Bravo Technical Resources Inc
4835 Lyndon B Johnson Fwy Ste 1000
Dallas, TX 75244

Business Industry:
Temporary Help Services
NAICS code 561320

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

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-24

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Bravo Technical Resources Inc.

Women In Their Prime LLC
Internet Publishing and Broadcasting and Web Search Portals

$65,341 PPP Loan

Imprimis Group Inc
Temporary Help Services

$1.52M PPP Loan

Similar Companies near Dallas

In the Dallas area, 15 businesses in the "Temporary Help Services" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 96) and received an average PPP loan of $749,075 (compared to this company's $1.8M).

Industry PPP Comparison Statistics

Nationwide, 8,904 businesses in the "Temporary Help Services" industry received a total of $3.65B 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 51 employees, 47% lower than Bravo Technical Resources Inc's reported 96 employees, and received an average PPP loan of $409,706, 77% lower than this company's loan of $1.8M.

SBA PPP loan data, payroll data, and salaries for Bravo Technical Resources, Inc
TX

Bravo Technical Resources, Inc

Entity: Subchapter S Corporation

Industry: Employment Placement Agencies

Location: Dallas, TX

Search All PPP Data

Bravo Technical Resources, Inc is a subchapter s corporation located at 4835 Lyndon B Johnson Fwy, Ste. 1000 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,545,000.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 174 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6988477002

Loan Size:

$2.55M

Jobs Retained:

174

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

Frost Bank

Bravo Technical Resources, Inc in Dallas, TX received a Paycheck Protection Loan of $2.55M through Frost 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 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, Bravo Technical Resources, Inc's 2019 payroll expenses are estimated to be at least $12.22M.

Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $70,207 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bravo Technical Resources, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,545,000
Because the loan received by Bravo Technical Resources, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Bravo Technical Resources, Inc in Dallas, TX

Bravo Technical Resources, Inc
4835 Lyndon B Johnson Fwy, Ste. 1000
Dallas, TX 75244

Business Industry:
Employment Placement Agencies
NAICS code 561311

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

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-24

Similar Companies near Dallas

In the Dallas area, 20 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 174) and received an average PPP loan of $594,065 (compared to this company's $2.55M).

Industry PPP Comparison Statistics

Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B 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 35 employees, 80% lower than Bravo Technical Resources, Inc's reported 174 employees, and received an average PPP loan of $277,549, 89% lower than this company's loan of $2.55M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

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