PPP Loan Data — Crusaders Industries LLC, Arlington, TX
Crusaders Industries LLC is a limited liability company (LLC) located at 6604 Glen Falls Dr in Arlington, Texas that received a Coronavirus-related PPP loan from the SBA of $24,918.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Crusaders Industries LLC in Arlington, TX received a Paycheck Protection Loan of $24,918 through Wells Fargo Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Crusaders Industries LLC's 2019 payroll expenses are estimated to be at least $119,606.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,921 per employee1
Reported PPP Proceed Usage:
On the PPP application, Crusaders Industries LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,918
Business Information - Crusaders Industries LLC in Arlington, TX
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Crusaders Industries LLC's reported 5 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $24,918.
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Footnotes & Information
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