PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Magnetic Ticket & Label Corp, Dallas, TX

ALERT: There are 2 PPP loans for a total of $3.64M in our database for businesses with the name "Magnetic Ticket & Label Corp" in Dallas, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Magnetic Ticket & Label Corp
TX

Magnetic Ticket & Label Corp

Entity: Corporation

Industry: Printing and Writing Paper Merchant Wholesalers

Location: Dallas, TX

Search All PPP Data

Magnetic Ticket & Label Corp is a corporation located at 8719 Diplomacy Row in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,821,413.00 in February, 2021.

The company has reported itself as a White male owned business, and employed at least 158 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1795028407

Loan Size:

$1.82M

Jobs Retained:

158

Loan Approved:

2021-02-02

Loan Status:

Ongoing Loan

Lender:

PlainsCapital Bank

Magnetic Ticket & Label Corp in Dallas, TX received a Paycheck Protection Loan of $1.82M through PlainsCapital Bank, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Magnetic Ticket & Label Corp's 2019 payroll expenses are estimated to be at least $8.74M.

Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $55,334 per employee1

Reported PPP Proceed Usage:

On the PPP application, Magnetic Ticket & Label Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,821,411
  • Utilities: $1

Business Information - Magnetic Ticket & Label Corp in Dallas, TX

Magnetic Ticket & Label Corp
8719 Diplomacy Row
Dallas, TX 75247

Business Industry:
Printing and Writing Paper Merchant Wholesalers
NAICS code 424110

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-33

Similar Companies near Dallas

In the Dallas area, 2 businesses in the "Printing and Writing Paper Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 183 employees (compared to this company's 158) and received an average PPP loan of $2,087,657 (compared to this company's $1.82M).

Similar Nearby Businesses Who Received PPP Funding:

The Clampitt Companies, LLC
Dallas, TX

$2.35M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,345 businesses in the "Printing and Writing Paper Merchant Wholesalers" industry received a total of $150.76M 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 10 employees, 94% lower than Magnetic Ticket & Label Corp's reported 158 employees, and received an average PPP loan of $112,090, 94% lower than this company's loan of $1.82M.

SBA PPP loan data, payroll data, and salaries for Magnetic Ticket & Label Corp
TX

Magnetic Ticket & Label Corp

Entity: Corporation

Industry: All Other Converted Paper Product Manufacturing

Location: Dallas, TX

Search All PPP Data

Magnetic Ticket & Label Corp is a corporation located at 8719 Diplomacy Row in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,821,400.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 158 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5839957202

Loan Size:

$1.82M

Jobs Retained:

158

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

PlainsCapital Bank

Magnetic Ticket & Label Corp in Dallas, TX received a Paycheck Protection Loan of $1.82M through PlainsCapital Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Magnetic Ticket & Label Corp's 2019 payroll expenses are estimated to be at least $8.74M.

Based on their reported 158 jobs retained, this equals an estimated average yearly compensation of $55,334 per employee1

Reported PPP Proceed Usage:

On the PPP application, Magnetic Ticket & Label Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,821,400

Business Information - Magnetic Ticket & Label Corp in Dallas, TX

Magnetic Ticket & Label Corp
8719 Diplomacy Row
Dallas, TX 75247

Business Industry:
All Other Converted Paper Product Manufacturing
NAICS code 322299

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-33

Similar Companies near Dallas

In the Dallas area, 5 businesses in the "All Other Converted Paper Product Manufacturing" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 158) and received an average PPP loan of $491,921 (compared to this company's $1.82M).

Industry PPP Comparison Statistics

Nationwide, 593 businesses in the "All Other Converted Paper Product Manufacturing" industry received a total of $183.01M 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 29 employees, 82% lower than Magnetic Ticket & Label Corp's reported 158 employees, and received an average PPP loan of $308,611, 83% lower than this company's loan of $1.82M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/magnetic-ticket-label-corp-dallas-tx