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PPP Loan Data — Edit TX LLC, Spring, TX

SBA PPP loan data, payroll data, and salaries for Edit TX LLC


Entity: Limited Liability Company (LLC)

Industry: Drycleaning and Laundry Services (except Coin-Operated)

Location: Spring, TX

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Edit TX LLC is a limited liability company (LLC) located at 230 Spring Hill Dr Ste 325 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $2,930,711.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Edit TX LLC in Spring, TX received a Paycheck Protection Loan of $2.93M through VERITEX COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Edit TX LLC's total 2019 payroll expenses were approximately $14.07M in order to qualify for the PPP loan amount received.

Based on their reported 342 jobs retained, this equals an estimated average yearly compensation of $41,133 per employee1.

Because the loan received by Edit TX LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Edit TX LLC in Spring, TX

230 Spring Hill Dr Ste 325
Spring, TX 77386

Business Industry

Drycleaning and Laundry Services (except Coin-Operated) (NAICS code 812320)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-08

Similar Companies near Spring

In the Spring area, 3 businesses in the "Drycleaning and Laundry Services (except Coin-Operated)" industry received a PPP loan. These local businesses reported an average of 118 employees (compared to this company's 342) and received an average PPP loan of $997,711 (compared to this company's $2.93M).

Industry PPP Comparison Statistics

Nationwide, 12,236 businesses in the "Drycleaning and Laundry Services (except Coin-Operated)" industry received a total of $545,347,229.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 7 employees, 98% lower than Edit TX LLC's reported 342 employees, and received an average PPP loan of $44,569, 98% lower than this company's loan of $2.93M.

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, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. 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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** This Document Provided By - The Civil Employee's Resource **