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PPP Loan Data — Components Corporation Of America,
Dallas, 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.
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PPP Loan Information
Loan #7978277100
Loan Size:
Jobs Retained:
156Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Comerica BankComponents Corporation Of America in Dallas, TX received a Paycheck Protection Loan of $2.56M through Comerica 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 July, 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 MoreUnderstanding 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 MoreBased 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, Components Corporation Of America's 2019 payroll expenses are estimated to be at least $12.27M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $78,655 per employee1
Reported PPP Proceed Usage:
On the PPP application, Components Corporation Of America reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,045,098
- Mortgage Interest: $511,202
Business Information - Components Corporation Of America in Dallas, TX
5950 Berkshire Ln
Dallas, TX 75225
Business Industry:
Corporate, Subsidiary, and Regional Managing Offices
NAICS code 551114
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
Businesses Using Same Address:
There are 7 other businesses that received a PPP loan registered to the same address as Components Corporation Of America.
Connor Cox
Offices of Real Estate Agents and Brokers
Starnes Law PLLC
Offices of Lawyers
Boomer Capital Holdings, LLC
Offices of Real Estate Agents and Brokers
Edge Realty Austin LLC
Offices of Real Estate Agents and Brokers
Edge Realty Capital Markets
Offices of Real Estate Agents and Brokers
Edge Realty Partners LLC
Offices of Real Estate Agents and Brokers
Springbok Investment Management
Portfolio Management
Similar Companies near Dallas
In the Dallas area, 5 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 156) and received an average PPP loan of $529,092 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
David Wilson
Dallas, TX
Morriss Company, LLC
Dallas, TX
Bonaire Enterpirses LLC
Dallas, TX
Industry PPP Comparison Statistics
Nationwide, 3,200 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $410.25M 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 13 employees, 92% lower than Components Corporation Of America's reported 156 employees, and received an average PPP loan of $128,202, 95% 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. 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.
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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