PPP Loan Data — Lonestar Forklift 2017 USA, Inc, Garland, TX
Lonestar Forklift 2017 USA, Inc
Location: Garland, TXTweet This • Search All PPP Data
Lonestar Forklift 2017 USA, Inc is a corporation located at 4213 Forest Lane in Garland, Texas that received a Coronavirus-related PPP loan from the SBA of $3,093,258.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Lonestar Forklift 2017 USA, Inc in Garland, TX received a Paycheck Protection Loan of $3.09M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lonestar Forklift 2017 USA, Inc's total 2019 payroll expenses were approximately $14.85M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $73,141 per employee1.
Business Information - Lonestar Forklift 2017 USA, Inc in Garland, TX
4213 Forest Lane
Garland, TX 75042
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-05
Similar Companies near Garland
In the Garland area, 5 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 203) and received an average PPP loan of $675,713 (compared to this company's $3.09M).
Similar Nearby Businesses Who Received PPP Funding:
Iron Horse Safety Specialties, LP
Abel Equipment Co.
Baketex Of Dallas, LLC
Industry PPP Comparison Statistics
Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 93% lower than Lonestar Forklift 2017 USA, Inc's reported 203 employees, and received an average PPP loan of $234,110, 92% lower than this company's loan of $3.09M.
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Footnotes & Information
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