PPP Loan Data — KDC, LLC, Dallas, TX
KDC, LLC is a limited liability company (LLC) located at 10440 N Central Expy in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,143,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:BTH Texas, National Association
KDC, LLC in Dallas, TX received a Paycheck Protection Loan of $2.14M through BTH Texas, National Association, 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, KDC, LLC's 2019 payroll expenses are estimated to be at least $10.29M.
Based on their reported 155 jobs retained, this equals an estimated average yearly compensation of $66,392 per employee1
Reported PPP Proceed Usage:
On the PPP application, KDC, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,607,925
- Utilities: $64,317
- Mortgage Interest: $42,878
- Rent: $428,780
Business Information - KDC, LLC in Dallas, TX
10440 N Central Expy
Dallas, TX 75231
Offices of Lawyers
NAICS code 541110
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, 169 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 155) and received an average PPP loan of $145,976 (compared to this company's $2.14M).
Similar Nearby Businesses Who Received PPP Funding:
Douglas D. Fletcher, PC
Hartline Barger LLP
NI, Wang & Massand, PLLC
Dr Shezad Malik Law Firm
Tahira Khan Merritt PLLC
Steckler Wayne Cochran Cherry PLLC
The Wade Law Firm PC
Silhol Law, PLLC
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 96% lower than KDC, LLC's reported 155 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $2.14M.
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Footnotes & Information
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