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PPP Loan Data — LH Lacy Co, LTD,
Dallas, TX
LH Lacy Co, LTD
Entity: Partnership
Industry: Commercial and Institutional Building Construction
Location: Dallas, TX
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LH Lacy Co, LTD is a partnership located at 1880 Crown Dr #1200 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,447,895.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
235Loan Approved:
2020-04-07Lender:
LIBERTY CAPITAL BANKLH Lacy Co, LTD in Dallas, TX received a Paycheck Protection Loan of $2.45M through LIBERTY CAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, LH Lacy Co, LTD's total 2019 payroll expenses were approximately $11.75M in order to qualify for the PPP loan amount received.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $50,000 per employee1.
Business Information - LH Lacy Co, LTD in Dallas, TX
1880 Crown Dr #1200
Dallas, TX 75234
Business Industry
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-24Similar Companies near Dallas
In the Dallas area, 17 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 235) and received an average PPP loan of $819,975 (compared to this company's $2.45M).
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Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 94% lower than LH Lacy Co, LTD's reported 235 employees, and received an average PPP loan of $203,235, 92% lower than this company's loan of $2.45M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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