PPP Loan Data — E.h. Mims Company, Dallas, TX
E.h. Mims Company
Location: Dallas, TXTweet This • Search All PPP Data
E.h. Mims Company is a corporation located at 2333 Royal Ln in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $46,081.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
E.h. Mims Company in Dallas, TX received a Paycheck Protection Loan of $46,081 through Wells Fargo Bank, National Association, which was approved in May, 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 May, 2021.
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, E.h. Mims Company's 2019 payroll expenses are estimated to be at least $221,189.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, E.h. Mims Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,081
Business Information - E.h. Mims Company in Dallas, TX
2333 Royal Ln
Dallas, TX 75229
Metal Service Centers and Other Metal Merchant Wholesalers
NAICS code 423510
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 4 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 4) and received an average PPP loan of $450,424 (compared to this company's $46,081).
Similar Nearby Businesses Who Received PPP Funding:
King Arthitectural Metals Of California LLC
Pro Products, Inc
King Supply Company LLC
Industry PPP Comparison Statistics
Nationwide, 4,182 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $967.29M 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 19 employees, 375% higher than E.h. Mims Company's reported 4 employees, and received an average PPP loan of $231,298, 402% higher than this company's loan of $46,081.
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