PPP Loan Data — Leonora Stephens, Dallas, TX
Leonora Stephens is a sole proprietorship located at 6350 Lyndon B Johnson Freeway, Suite 252 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $25,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:North Dallas Bank & Trust Company
Leonora Stephens in Dallas, TX received a Paycheck Protection Loan of $25,500 through North Dallas Bank & Trust Company, 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 April, 2021.
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, Leonora Stephens' 2019 payroll expenses are estimated to be at least $122,400.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $61,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leonora Stephens reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,500
Business Information - Leonora Stephens in Dallas, TX
6350 Lyndon B Johnson Freeway, Suite 252
Dallas, TX 75240
Offices of Physicians, Mental Health Specialists
NAICS code 621112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 4 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 2) and received an average PPP loan of $131,839 (compared to this company's $25,500).
Similar Nearby Businesses Who Received PPP Funding:
DM Psychotherapy Services PLLC
Industry PPP Comparison Statistics
Nationwide, 21,049 businesses in the "Offices of Physicians, Mental Health Specialists" industry received a total of $1.68B 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 8 employees, 300% higher than Leonora Stephens' reported 2 employees, and received an average PPP loan of $80,024, 214% higher than this company's loan of $25,500.
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Footnotes & Information
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