PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — EBG Commercial Management LLC, Plano, TX

ALERT: There are 2 PPP loans for a total of $140,740 in our database for businesses with the name "EBG Commercial Management LLC" in Plano, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for EBG Commercial Management LLC
TX

EBG Commercial Management LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Property Managers

Location: Plano, TX

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EBG Commercial Management LLC is a limited liability company (LLC) located at 8105 Rasor Blvd Ste 266 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $67,940.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least nine people during the applicable loan loan period.

$ PPP Loan Information
Loan #6281188600

Loan Size:

$67,940

Jobs Retained:

9

Loan Approved:

2021-03-23

Loan Status:

Paid in Full or Forgiven

Lender:

First United Bank

EBG Commercial Management LLC in Plano, TX received a Paycheck Protection Loan of $67,940 through First United Bank, which was approved in March, 2021.

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 September, 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 More
Understanding 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 More

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, EBG Commercial Management LLC's 2019 payroll expenses are estimated to be at least $326,112.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $36,235 per employee1

Reported PPP Proceed Usage:

On the PPP application, EBG Commercial Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $67,939

Business Information - EBG Commercial Management LLC in Plano, TX

EBG Commercial Management LLC
8105 Rasor Blvd Ste 266
Plano, TX 75024

Business Industry:
Residential Property Managers
NAICS code 531311

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Plano

In the Plano area, 18 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 9) and received an average PPP loan of $221,020 (compared to this company's $67,940).

Industry PPP Comparison Statistics

Nationwide, 35,979 businesses in the "Residential Property Managers" industry received a total of $3.03B 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 9 employees, the same amount reported by EBG Commercial Management LLC and received an average PPP loan of $84,237, 24% higher than this company's loan of $67,940.

SBA PPP loan data, payroll data, and salaries for EBG Commercial Management, LLC
TX

EBG Commercial Management, LLC

Entity: Limited Liability Company (LLC)

Industry: Nonresidential Property Managers

Location: Plano, TX

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EBG Commercial Management, LLC is a limited liability company (LLC) located at 8105 Razor Blvd., Ste 266 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $72,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least fourteen people during the applicable loan loan period.

$ PPP Loan Information
Loan #2333977109

Loan Size:

$72,800

Jobs Retained:

14

Loan Approved:

2020-04-10

Loan Status:

Paid in Full or Forgiven

Lender:

First United Bank

EBG Commercial Management, LLC in Plano, TX received a Paycheck Protection Loan of $72,800 through First United 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 April, 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 More
Understanding 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 More

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, EBG Commercial Management, LLC's 2019 payroll expenses are estimated to be at least $349,440.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $24,960 per employee1

Reported PPP Proceed Usage:

On the PPP application, EBG Commercial Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $54,600
  • Utilities: $9,100
  • Rent: $9,100

Business Information - EBG Commercial Management, LLC in Plano, TX

EBG Commercial Management, LLC
8105 Razor Blvd., Ste 266
Plano, TX 75024

Business Industry:
Nonresidential Property Managers
NAICS code 531312

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Collin County, TX — SBA Office 0610 — Congressional District: TX-03

Similar Companies near Plano

In the Plano area, 12 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 14) and received an average PPP loan of $142,696 (compared to this company's $72,800).

Industry PPP Comparison Statistics

Nationwide, 11,880 businesses in the "Nonresidential Property Managers" industry received a total of $1.21B 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 9 employees, 36% lower than EBG Commercial Management, LLC's reported 14 employees, and received an average PPP loan of $102,065, 40% higher than this company's loan of $72,800.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/ebg-commercial-management-llc-plano-tx