PPP Loan Data — Edit TX LLC, Spring, TX
Edit TX LLC
Entity: Limited Liability Company (LLC)
Location: Spring, TXTweet This • Search All PPP Data
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
Lender:VERITEX COMMUNITY BANK
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.
Business Information - Edit TX LLC in Spring, TX
230 Spring Hill Dr Ste 325
Spring, TX 77386
Drycleaning and Laundry Services (except Coin-Operated) (NAICS code 812320)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Dynasty Cleaning LLC
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.
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