PPP Loan Data — Lanvera, LTD, Coppell, TX
Lanvera, LTD is a partnership located at 112 Wrangler Dr Suite 150 in Coppell, Texas that received a Coronavirus-related PPP loan from the SBA of $1,822,990.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Inwood National Bank
Lanvera, LTD in Coppell, TX received a Paycheck Protection Loan of $1.82M through Inwood National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 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, Lanvera, LTD's 2019 payroll expenses are estimated to be at least $8.75M.
Based on their reported 93 jobs retained, this equals an estimated average yearly compensation of $94,090 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lanvera, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,822,990
Business Information - Lanvera, LTD in Coppell, TX
112 Wrangler Dr Suite 150
Coppell, TX 75019
Document Preparation Services
NAICS code 561410
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 6,791 businesses in the "Document Preparation Services" industry received a total of $171.72M 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 3 employees, 97% lower than Lanvera, LTD's reported 93 employees, and received an average PPP loan of $25,286, 99% lower than this company's loan of $1.82M.
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Footnotes & Information
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