PPP Loan Data — Fisher Interpreting LLC, Fort Worth, TX
Fisher Interpreting LLC is a corporation located at 2633 Purple Sage Trail in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $46,675.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Fisher Interpreting LLC in Fort Worth, TX received a Paycheck Protection Loan of $46,675 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, Fisher Interpreting LLC's 2019 payroll expenses are estimated to be at least $224,040.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fisher Interpreting LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,675
Business Information - Fisher Interpreting LLC in Fort Worth, TX
2633 Purple Sage Trail
Fort Worth, TX 76179
Translation and Interpretation Services
NAICS code 541930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fort Worth
In the Fort Worth area, 2 businesses in the "Translation and Interpretation Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $25,941 (compared to this company's $46,675).
Similar Nearby Businesses Who Received PPP Funding:
Fort Worth, TX
Industry PPP Comparison Statistics
Nationwide, 7,619 businesses in the "Translation and Interpretation Services" industry received a total of $219.09M 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 3 employees, the same amount reported by Fisher Interpreting LLC and received an average PPP loan of $28,756, 38% lower than this company's loan of $46,675.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!