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PPP Loan Data — DUX,
Plano, TX
DUX
Entity: Limited Liability Company (LLC)
Industry: Wired Telecommunications Carriers
Location: Plano, TX
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DUX is a limited liability company (LLC) located at 2222 W Spring Creek Pkwy in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $36,400.00 in April, 2021.
$
PPP Loan Information
Loan #5389308803
Loan Size:
Jobs Retained:
7Loan Approved:
2021-04-17Loan Status:
Ongoing LoanLender:
Readycap Lending, LLCDUX in Plano, TX received a Paycheck Protection Loan of $36,400 through Readycap Lending, LLC, which was approved in April, 2021.
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
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, DUX's 2019 payroll expenses are estimated to be at least $174,720.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $24,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, DUX reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,398
- Utilities: $1
Business Information - DUX in Plano, TX
2222 W Spring Creek Pkwy
Plano, TX 75023
Business Industry:
Wired Telecommunications Carriers
NAICS code 517311
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
Similar Companies near Plano
In the Plano area, 4 businesses in the "Wired Telecommunications Carriers" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 7) and received an average PPP loan of $948,905 (compared to this company's $36,400).
Similar Nearby Businesses Who Received PPP Funding:
Netfortris Corporation
Plano, TX
Right Way LLC
Plano, TX
Telecom Signals LLC
Plano, TX
Industry PPP Comparison Statistics
Nationwide, 1,837 businesses in the "Wired Telecommunications Carriers" industry received a total of $367.68M 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, 114% higher than DUX's reported 7 employees, and received an average PPP loan of $200,153, 450% higher than this company's loan of $36,400.
DUX
Entity: Limited Liability Company (LLC)
Industry: All Other Professional, Scientific, and Technical Services
Location: Plano, TX
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DUX is a limited liability company (LLC) located at 2222 West Spring Creek Parkway in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $36,400.00 in May, 2020.
The company has reported itself as a Black or african american owned business, and employed at least three people during the applicable loan loan period.
$
PPP Loan Information
Loan #4704597406
Loan Size:
Jobs Retained:
3Loan Approved:
2020-05-11Loan Status:
Ongoing LoanLender:
Celtic Bank CorporationDUX in Plano, TX received a Paycheck Protection Loan of $36,400 through Celtic Bank Corporation, 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
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, DUX's 2019 payroll expenses are estimated to be at least $174,720.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $58,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, DUX reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $27,300
- Rent: $9,100
Business Information - DUX in Plano, TX
2222 West Spring Creek Parkway
Plano, TX 75023
Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Race: Black or African American
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
Similar Companies near Plano
In the Plano area, 101 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 3) and received an average PPP loan of $121,331 (compared to this company's $36,400).
Similar Nearby Businesses Who Received PPP Funding:
Reimbursement Counselors Inc
Plano, TX
The Eric Bridgeforth Company LLC
Plano, TX
Sforce It Solutions LLC
Plano, TX
Chad Dawson
Plano, TX
Singularity Inc
Plano, TX
Sconyers Inc
Flower Mound, TX
Big Equity Concept, LLC
Flower Mound, TX
Rice Integrated Building Design, LLC
Plano, TX
Russell Medical Marketing Inc
Flower Mound, TX
Industry PPP Comparison Statistics
Nationwide, 130,067 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.42B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 67% higher than DUX's reported 3 employees, and received an average PPP loan of $57,015, 57% higher than this company's loan of $36,400.
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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