PPP Loan Data — Impact Floors Of Texas LP, Dallas, TX
Impact Floors Of Texas LP is a limited liability partnership located at 3700 Pipestone Rd in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,027,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Impact Floors Of Texas LP in Dallas, TX received a Paycheck Protection Loan of $2.03M through Independent 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, Impact Floors Of Texas LP's 2019 payroll expenses are estimated to be at least $9.73M.
Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $69,997 per employee1
Reported PPP Proceed Usage:
On the PPP application, Impact Floors Of Texas LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,584,935
- Utilities: $12,575
- Rent: $296,608
- Health Care: $132,882
Business Information - Impact Floors Of Texas LP in Dallas, TX
3700 Pipestone Rd
Dallas, TX 75212
Home Furnishing Merchant Wholesalers
NAICS code 423220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 2 businesses in the "Home Furnishing Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 139) and received an average PPP loan of $1,225,400 (compared to this company's $2.03M).
Similar Nearby Businesses Who Received PPP Funding:
Peacock Alley, Inc
Industry PPP Comparison Statistics
Nationwide, 5,114 businesses in the "Home Furnishing Merchant Wholesalers" industry received a total of $620.15M 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 11 employees, 92% lower than Impact Floors Of Texas LP's reported 139 employees, and received an average PPP loan of $121,266, 94% lower than this company's loan of $2.03M.
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Footnotes & Information
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