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PPP Loan Data — Lundy Services LLC, Farmers Branch, TX

SBA PPP loan data, payroll data, and salaries for Lundy Services LLC
TX

Lundy Services LLC

Entity: Limited Liability Company (LLC)

Industry: Custom Architectural Woodwork and Millwork Manufacturing

Location: Farmers Branch, TX

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Lundy Services LLC is a limited liability company (LLC) located at 13525 Denton Drive in Farmers Branch, Texas that received a Coronavirus-related PPP loan from the SBA of $2,582,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

254

Loan Approved:

2020-04-09

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Lundy Services LLC in Farmers Branch, TX received a Paycheck Protection Loan of $2.58M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Lundy Services LLC's total 2019 payroll expenses were approximately $12.4M in order to qualify for the PPP loan amount received.

Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $48,803 per employee1.

Because the loan received by Lundy Services LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Lundy Services LLC in Farmers Branch, TX

Lundy Services LLC
13525 Denton Drive
Farmers Branch, TX 75234

Business Industry

Custom Architectural Woodwork and Millwork Manufacturing (NAICS code 337212)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-24

Industry PPP Comparison Statistics

Nationwide, 1,894 businesses in the "Custom Architectural Woodwork and Millwork Manufacturing" industry received a total of $279,602,902.00 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 11 employees, 96% lower than Lundy Services LLC's reported 254 employees, and received an average PPP loan of $147,626, 94% lower than this company's loan of $2.58M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/lundy-services-llc-farmers-branch-tx