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PPP Loan Data — Lonestar Forklift 2017 USA, Inc,
Garland, TX
Lonestar Forklift 2017 USA, Inc
Entity: Corporation
Industry: Industrial Machinery and Equipment Merchant Wholesalers
Location: Garland, TX
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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
Loan Size:
Jobs Retained:
203Loan Approved:
2020-04-28Lender:
U.S. BANK, NATIONAL ASSOCIATIONLonestar 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
Business Industry
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-05Similar 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:
Patron Manufacturing
Garland, TX
Iron Horse Safety Specialties, LP
Garland, TX
Abel Equipment Co.
Garland, TX
Baketex Of Dallas, LLC
Garland, TX
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.
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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