PPP Loan Data — DFW Interiors, Dallas, TX
DFW Interiors is a subchapter s corporation located at 11420 Plano Rd. in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
DFW Interiors in Dallas, TX received a Paycheck Protection Loan of $25,000 through WebBank, which was approved in May, 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 June, 2021.
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, DFW Interiors' 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, DFW Interiors reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - DFW Interiors in Dallas, TX
11420 Plano Rd.
Dallas, TX 75243
Interior Design Services
NAICS code 541410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 20 businesses in the "Interior Design Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $46,797 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Schlosser Design Group LLC
Kathryn Janes, LLC
Chateau Concepts LLC
Ambiance Art LLC
Carolyn Bowens Jefferson DBA Behind Closed Doors
Industry PPP Comparison Statistics
Nationwide, 29,847 businesses in the "Interior Design Services" industry received a total of $1.03B 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 3 employees, 50% higher than DFW Interiors' reported 2 employees, and received an average PPP loan of $34,371, 37% higher than this company's loan of $25,000.
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Footnotes & Information
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