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PPP Loan Data — Heritage Capital Corporation, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Heritage Capital Corporation
TX

Heritage Capital Corporation

Entity: Corporation

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Dallas, TX

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Heritage Capital Corporation is a corporation located at 3500 Maple Ave in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,929,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.93M

Jobs Retained:

265

Loan Approved:

2020-04-29

Lender:

FIRST UNITED BANK AND TRUST COMPANY

Heritage Capital Corporation in Dallas, TX received a Paycheck Protection Loan of $3.93M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, Heritage Capital Corporation's total 2019 payroll expenses were approximately $18.86M in order to qualify for the PPP loan amount received.

Based on their reported 265 jobs retained, this equals an estimated average yearly compensation of $71,179 per employee1.

Because the loan received by Heritage Capital Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Heritage Capital Corporation in Dallas, TX

Heritage Capital Corporation
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-32

Similar 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 265) and received an average PPP loan of $268,671 (compared to this company's $3.93M).

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, 98% lower than Heritage Capital Corporation's reported 265 employees, and received an average PPP loan of $50,641, 99% lower than this company's loan of $3.93M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/heritage-capital-corporation-dallas-tx