PPP Loan Data — Loloi Inc, Farmers Branch, TX
Entity: Subchapter S Corporation
Location: Farmers Branch, TXTweet This • Search All PPP Data
Loloi Inc is a subchapter s corporation located at 4501 Spring Valley Road in Farmers Branch, Texas that received a Coronavirus-related PPP loan from the SBA of $3,057,400.00 in April, 2020.
$ PPP Loan Information
Loloi Inc received a Paycheck Protection Loan of $3.06M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Loloi Inc's total 2019 payroll expenses were approximately $14.68M in order to qualify for the PPP loan amount received.
Based on their reported 403 jobs retained, this equals an estimated average yearly compensation of $36,416 per employee1.
Business Information - Loloi Inc in Farmers Branch, TX
4501 Spring Valley Road
Farmers Branch, TX 75205
Other Miscellaneous Durable Goods Merchant Wholesalers (NAICS code 423990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-32
Similar Companies near Farmers Branch
In the Farmers Branch area, 8 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 403) and received an average PPP loan of $438,784 (compared to this company's $3.06M).
Similar Nearby Businesses Who Received PPP Funding:
Inman Promotional Team, Inc.
CHQ Holdings LLC
Diane Collier Group
T J Sanders Group, LLC
Color By Design, Inc.
El Recycling, LLC
Sunglasses At Night, Inc.
Industry PPP Comparison Statistics
Nationwide, 12,909 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1,253,322,545.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than Loloi Inc's reported 403 employees, and received an average PPP loan of $97,089, 97% lower than this company's loan of $3.06M.
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