PPP Loan Data — Generational Equity, LLC, Richardson, TX
Generational Equity, LLC is a limited liability company (LLC) located at 3400 N Central Expressway Suite 100 in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $4,032,000.00 in April, 2020.
$ PPP Loan Information
Lender:CIBC BANK USA
Generational Equity, LLC received a Paycheck Protection Loan of $4.03M through CIBC BANK USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Generational Equity, LLC's total 2019 payroll expenses were approximately $19.35M in order to qualify for the PPP loan amount received.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $83,063 per employee1.
Business Information - Generational Equity, LLC in Richardson, TX
3400 N Central Expressway Suite 100
Richardson, TX 75080
Advertising Agencies (NAICS code 541810)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-32
Similar Companies near Richardson
In the Richardson area, 6 businesses in the "Advertising Agencies" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 233) and received an average PPP loan of $701,865 (compared to this company's $4.03M).
Similar Nearby Businesses Who Received PPP Funding:
Day One Creative LLC
The Shop Agency LLC
World Wide Media, Inc
Global Media Helps
Fireball Creative Inc.
Industry PPP Comparison Statistics
Nationwide, 11,928 businesses in the "Advertising Agencies" industry received a total of $1,505,946,886.00 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 8 employees, 97% lower than Generational Equity, LLC's reported 233 employees, and received an average PPP loan of $126,253, 97% lower than this company's loan of $4.03M.
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.
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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