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PPP Loan Data — Components Corporation Of America, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Components Corporation Of America
TX

Components Corporation Of America

Entity: Corporation

Industry: Corporate, Subsidiary, and Regional Managing Offices

Location: Dallas, TX

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Components Corporation Of America is a corporation located at 5950 Berkshire Ln in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,556,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.56M

Jobs Retained:

156

Loan Approved:

2020-04-14

Lender:

COMERICA BANK

Components Corporation Of America received a Paycheck Protection Loan of $2.56M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Components Corporation Of America's total 2019 payroll expenses were approximately $12.27M in order to qualify for the PPP loan amount received.

Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $78,655 per employee1.

Because the loan received by Components Corporation Of America 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 - Components Corporation Of America in Dallas, TX

Components Corporation Of America
5950 Berkshire Ln
Dallas, TX 75225

Business Industry

Corporate, Subsidiary, and Regional Managing Offices (NAICS code 551114)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-32

Similar Companies near Dallas

In the Dallas area, 3 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 156) and received an average PPP loan of $867,931 (compared to this company's $2.56M).

Industry PPP Comparison Statistics

Nationwide, 1,588 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $300,626,226.00 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 17 employees, 89% lower than Components Corporation Of America's reported 156 employees, and received an average PPP loan of $189,311, 93% lower than this company's loan of $2.56M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/components-corporation-of-america-dallas-tx