PPP Loan Data — Enseo, Inc, Richardson, TX
Enseo, Inc is a corporation located at 1680 Prospect Drive Suite 100 in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $2,034,707.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Enseo, Inc in Richardson, TX received a Paycheck Protection Loan of $2.03M through JPMorgan Chase Bank, National Association, which was approved in April, 2020.
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, Enseo, Inc's 2019 payroll expenses are estimated to be at least $9.77M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $92,138 per employee1
Reported PPP Proceed Usage:
On the PPP application, Enseo, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,680,707
- Utilities: $30,000
- Rent: $100,000
- Health Care: $200,000
- Debt Interest: $24,000
Business Information - Enseo, Inc in Richardson, TX
1680 Prospect Drive Suite 100
Richardson, TX 75081
All Other Telecommunications
NAICS code 517919
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Richardson
In the Richardson area, 19 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 106) and received an average PPP loan of $608,968 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
Cellhire USA, LLC
Chinese New Media LLC
White Maple Media LLC
Ipacket Networks Texas LLC
Advantix Solutions Group, Inc
Glow Networks Inc
Industry PPP Comparison Statistics
Nationwide, 10,134 businesses in the "All Other Telecommunications" industry received a total of $909.64M 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 8 employees, 92% lower than Enseo, Inc's reported 106 employees, and received an average PPP loan of $89,761, 96% lower than this company's loan of $2.03M.
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Footnotes & Information
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