PPP Loan Data — DPP II, Inc, Dallas, TX
DPP II, Inc is a subchapter s corporation located at 5339 Alpha Rd in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,272,307.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 187 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Texas Bank and Trust Company
DPP II, Inc in Dallas, TX received a Paycheck Protection Loan of $2.27M through Texas Bank and Trust Company, which was approved in April, 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, DPP II, Inc's 2019 payroll expenses are estimated to be at least $10.91M.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $58,327 per employee1
Reported PPP Proceed Usage:
On the PPP application, DPP II, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,272,307
Business Information - DPP II, Inc in Dallas, TX
5339 Alpha Rd
Dallas, TX 75240
Home Health Care Services
NAICS code 621610
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 48 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 187) and received an average PPP loan of $99,177 (compared to this company's $2.27M).
Similar Nearby Businesses Who Received PPP Funding:
LJN Solutions, Inc
Trinity Whole Classical Care, LLC
Miko M N Humphrey
Industry PPP Comparison Statistics
Nationwide, 91,996 businesses in the "Home Health Care Services" industry received a total of $7.67B 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 15 employees, 92% lower than DPP II, Inc's reported 187 employees, and received an average PPP loan of $83,373, 96% lower than this company's loan of $2.27M.
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Footnotes & Information
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