PPP Loan Data — King Supply Company LLC, Dallas, TX
King Supply Company LLC
Entity: Limited Liability Company (LLC)
Location: Dallas, TXTweet This • Search All PPP Data
King Supply Company LLC is a limited liability company (LLC) located at 9611 E R L Thornton Fwy in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,566,667.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Canyon Community Bank, National Association
King Supply Company LLC in Dallas, TX received a Paycheck Protection Loan of $1.57M through Canyon Community Bank, 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, King Supply Company LLC's 2019 payroll expenses are estimated to be at least $7.52M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $50,133 per employee1
Reported PPP Proceed Usage:
On the PPP application, King Supply Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,566,667
Business Information - King Supply Company LLC in Dallas, TX
9611 E R L Thornton Fwy
Dallas, TX 75228
Metal Service Centers and Other Metal Merchant Wholesalers
NAICS code 423510
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 4 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 150) and received an average PPP loan of $450,424 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
E.h. Mims Company
Pro Products, Inc
King Arthitectural Metals Of California LLC
Industry PPP Comparison Statistics
Nationwide, 4,182 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $967.29M 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 19 employees, 87% lower than King Supply Company LLC's reported 150 employees, and received an average PPP loan of $231,298, 85% lower than this company's loan of $1.57M.
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Footnotes & Information
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