PPP Loan Data — Geoshack, Inc, Dallas, TX
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Geoshack, Inc is a corporation located at 2307 Springlake Rd Ste 514 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,145,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Geoshack, Inc in Dallas, TX received a Paycheck Protection Loan of $2.15M through Frost Bank, 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, Geoshack, Inc's 2019 payroll expenses are estimated to be at least $10.3M.
Based on their reported 133 jobs retained, this equals an estimated average yearly compensation of $77,428 per employee1
Reported PPP Proceed Usage:
On the PPP application, Geoshack, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,145,400
Business Information - Geoshack, Inc in Dallas, TX
2307 Springlake Rd Ste 514
Dallas, TX 75234
Industrial Machinery and Equipment Merchant Wholesalers
NAICS code 423830
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 11 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 133) and received an average PPP loan of $850,049 (compared to this company's $2.15M).
Similar Nearby Businesses Who Received PPP Funding:
Womack Paymaster, LLC
Merchants Bakery Supplies, Inc
AAA Products International Inc
Packaged Systems Inc
Streamline Integrated Technologies, Inc
Dallas Valve & Instrument Co
Lilly Tools LLC
Womack Paymaster LLC
Farmers Branch, TX
Industry PPP Comparison Statistics
Nationwide, 11,076 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $2.24B 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 15 employees, 89% lower than Geoshack, Inc's reported 133 employees, and received an average PPP loan of $202,534, 91% lower than this company's loan of $2.15M.
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Footnotes & Information
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