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

PPP Loan Data — Employee Retention Services, LLC, Carrollton, TX

ALERT: There are a total of 2 PPP loans in our database for businesses with the name "Employee Retention Services, LLC" in Carrollton, TX. Reasoning for multiple loans may include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. See the list of loans under this name and additional details below.

SBA PPP loan data, payroll data, and salaries for Employee Retention Services, LLC
TX

Employee Retention Services, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Insurance Related Activities

Location: Carrollton, TX

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Employee Retention Services, LLC is a limited liability company (LLC) located at 3044 Old Denton Rd Ste 111-305 in Carrollton, Texas that received a Coronavirus-related PPP loan from the SBA of $2,633,989.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.63M

Jobs Retained:

252

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Employee Retention Services, LLC received a Paycheck Protection Loan of $2.63M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Employee Retention Services, LLC's total 2019 payroll expenses were approximately $12.64M in order to qualify for the PPP loan amount received.

Based on their reported 252 jobs retained, this equals an estimated average yearly compensation of $50,171 per employee1.

Because the loan received by Employee Retention Services, 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 - Employee Retention Services, LLC in Carrollton, TX

Employee Retention Services, LLC
3044 Old Denton Rd Ste 111-305
Carrollton, TX 75007

Business Industry

All Other Insurance Related Activities (NAICS code 524298)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-24

Similar Companies near Carrollton

In the Carrollton area, 3 businesses in the "All Other Insurance Related Activities" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 252) and received an average PPP loan of $938,577 (compared to this company's $2.63M).

Industry PPP Comparison Statistics

Nationwide, 5,456 businesses in the "All Other Insurance Related Activities" industry received a total of $365,950,045.00 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 5 employees, 98% lower than Employee Retention Services, LLC's reported 252 employees, and received an average PPP loan of $67,073, 97% lower than this company's loan of $2.63M.

SBA PPP loan data, payroll data, and salaries for Employee Retention Services LLC
TX

Employee Retention Services LLC

Entity: Limited Liability Company (LLC)

Industry: Finish Carpentry Contractors

Location: Carrollton, TX

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Employee Retention Services LLC is a limited liability company (LLC) located at 2900 N Interstate 35e in Carrollton, Texas that received a Coronavirus-related PPP loan from the SBA of $465,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$465,500

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-15

Lender:

FIRST UNITED BANK AND TRUST COMPANY

Employee Retention Services LLC received a Paycheck Protection Loan of $465,500 through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Employee Retention Services LLC's total 2019 payroll expenses were approximately $2.23M in order to qualify for the PPP loan amount received.

Unlike most businesses, Employee Retention Services LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Employee Retention Services LLC in Carrollton, TX

Employee Retention Services LLC
2900 N Interstate 35e
Carrollton, TX 75007

Business Industry

Finish Carpentry Contractors (NAICS code 238350)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-24

Similar Companies near Carrollton

In the Carrollton area, 11 businesses in the "Finish Carpentry Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $222,485 (compared to this company's $465,500).

Industry PPP Comparison Statistics

Nationwide, 10,837 businesses in the "Finish Carpentry Contractors" industry received a total of $620,397,823.00 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 5 employees, and received an average PPP loan of $57,248, 88% lower than this company's loan of $465,500.

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.

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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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/employee-retention-services-llc-carrollton-tx