PPP Loan Data — Flashdancer Inc, Fort Worth, TX
Flashdancer Inc is a corporation located at 9317 S. Freeway in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $46,392.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Flashdancer Inc in Fort Worth, TX received a Paycheck Protection Loan of $46,392 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 June, 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, Flashdancer Inc's 2019 payroll expenses are estimated to be at least $222,682.
Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $10,604 per employee1
Reported PPP Proceed Usage:
On the PPP application, Flashdancer Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,392
Business Information - Flashdancer Inc in Fort Worth, TX
9317 S. Freeway
Fort Worth, TX 76140
Drinking Places (Alcoholic Beverages)
NAICS code 722410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Fort Worth
In the Fort Worth area, 5 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 21) and received an average PPP loan of $21,584 (compared to this company's $46,392).
Similar Nearby Businesses Who Received PPP Funding:
Forest Hill, TX
Lone Star Honky Tonk Bar Association LLC
Fort Worth, TX
Fort Worth, TX
380 Investments LLC
Fort Worth, TX
Industry PPP Comparison Statistics
Nationwide, 46,930 businesses in the "Drinking Places (Alcoholic Beverages)" industry received a total of $2.81B 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 12 employees, 43% lower than Flashdancer Inc's reported 21 employees, and received an average PPP loan of $59,863, 29% higher than this company's loan of $46,392.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!