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PPP Loan Data — Heritage Auctioneers & Galleries, Inc.,
Dallas, TX
Heritage Auctioneers & Galleries, Inc.
Entity: Subchapter S Corporation
Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)
Location: Dallas, TX
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Heritage Auctioneers & Galleries, Inc. is a subchapter s corporation located at 3500 Maple Ave in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,476,100.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
191Loan Approved:
2020-04-29Lender:
FIRST UNITED BANK AND TRUST COMPANYHeritage Auctioneers & Galleries, Inc. in Dallas, TX received a Paycheck Protection Loan of $2.48M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Heritage Auctioneers & Galleries, Inc.'s total 2019 payroll expenses were approximately $11.89M in order to qualify for the PPP loan amount received.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $62,227 per employee1.
Business Information - Heritage Auctioneers & Galleries, Inc. in Dallas, TX
3500 Maple Ave
Dallas, TX 75219
Business Industry
All Other Miscellaneous Store Retailers (except Tobacco Stores) (NAICS code 453998)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-32Similar Companies near Dallas
In the Dallas area, 33 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 191) and received an average PPP loan of $268,671 (compared to this company's $2.48M).
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Marcos And Delilah
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Nehemiah Mule LLC
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Aapetpeople LLC
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Heritage Capital Corporation
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Raymond Laube DBA The Laube Group
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Industry PPP Comparison Statistics
Nationwide, 67,030 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $3,394,491,072.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Heritage Auctioneers & Galleries, Inc.'s reported 191 employees, and received an average PPP loan of $50,641, 98% lower than this company's loan of $2.48M.
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, 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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