PPP Loan Data — Liquidagents, Plano, TX
Liquidagents is a limited liability company (LLC) located at 5810 Tennyson Pkwy Ste 300 in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $2,024,500.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Liquidagents in Plano, TX received a Paycheck Protection Loan of $2.02M through Comerica Bank, which was approved in June, 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, Liquidagents' 2019 payroll expenses are estimated to be at least $9.72M.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $54,902 per employee1
Reported PPP Proceed Usage:
On the PPP application, Liquidagents reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,619,613
- Mortgage Interest: $404,887
Business Information - Liquidagents in Plano, TX
5810 Tennyson Pkwy Ste 300
Plano, TX 75024
Employment Placement Agencies
NAICS code 561311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Plano
In the Plano area, 24 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 177) and received an average PPP loan of $228,156 (compared to this company's $2.02M).
Similar Nearby Businesses Who Received PPP Funding:
B & G Executive Recruiting Group Inc
Gradel Professional Staffing, LLC
Bresa Tech, LLC
Eastwall Chinese Cuisine Inc
Top Recruit Solutions Group Inc
Lead Allies Inc
No 1 Swb Inc
Industry PPP Comparison Statistics
Nationwide, 12,601 businesses in the "Employment Placement Agencies" industry received a total of $3.48B 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 35 employees, 80% lower than Liquidagents' reported 177 employees, and received an average PPP loan of $275,915, 86% lower than this company's loan of $2.02M.
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Footnotes & Information
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