PPP Loan Data — Lone Star Tangible Assets, LP, Leander, TX
Lone Star Tangible Assets, LP
Location: Leander, TXTweet This • Search All PPP Data
Lone Star Tangible Assets, LP is a partnership located at 203 Heritage Grove Road in Leander, Texas that received a Coronavirus-related PPP loan from the SBA of $1,747,582.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Lone Star Tangible Assets, LP in Leander, TX received a Paycheck Protection Loan of $1.75M through JPMorgan Chase Bank, National Association, which was approved in April, 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, Lone Star Tangible Assets, LP's 2019 payroll expenses are estimated to be at least $8.39M.
Based on their reported 114 jobs retained, this equals an estimated average yearly compensation of $73,582 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lone Star Tangible Assets, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,747,582
Business Information - Lone Star Tangible Assets, LP in Leander, TX
203 Heritage Grove Road
Leander, TX 78641
Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers
NAICS code 423940
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 10,528 businesses in the "Jewelry, Watch, Precious Stone, and Precious Metal Merchant Wholesalers" industry received a total of $514.45M 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 5 employees, 96% lower than Lone Star Tangible Assets, LP's reported 114 employees, and received an average PPP loan of $48,865, 97% lower than this company's loan of $1.75M.
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Footnotes & Information
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