PPP Loan Data — Lease North Texas, Plano, TX
Lease North Texas is a sole proprietorship located in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $3,700.00 in April, 2020.
The company has reported itself as an American indian or alaska native female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lease North Texas in Plano, TX received a Paycheck Protection Loan of $3,700 through Regions 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 June, 2021.
Reported PPP Proceed Usage:
On the PPP application, Lease North Texas reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,700
Business Information - Lease North Texas in Plano, TX
* Full address is redacted to protect the privacy of individuals.
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Race: American Indian or Alaska Native
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plano
In the Plano area, 18 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 1) and received an average PPP loan of $221,020 (compared to this company's $3,700).
Similar Nearby Businesses Who Received PPP Funding:
Plano Management Services Inc
Sunbird Custom Homes Inc
EMF Swiss Avenue LLC
James N. Monroe
Batts Holdings Inc
Joyful Services USA LLC
Sunet Group LLC
Industry PPP Comparison Statistics
Nationwide, 35,979 businesses in the "Residential Property Managers" industry received a total of $3.03B 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 9 employees, 800% higher than Lease North Texas' reported 1 employees, and received an average PPP loan of $84,237, 2177% higher than this company's loan of $3,700.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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