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PPP Loan Data — Marvette Berry, Desoto, TX

SBA PPP loan data, payroll data, and salaries for Marvette Berry
TX

Marvette Berry

Entity: Sole Proprietorship

Industry: Child Day Care Services

Location: Desoto, TX

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Marvette Berry is a sole proprietorship located in Desoto, Texas that received a Coronavirus-related PPP loan from the SBA of $20,832.00 in April, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #7925348808

Loan Size:

$20,832

Jobs Retained:

1

Loan Approved:

2021-04-22

Loan Status:

Paid in Full or Forgiven

Lender:

Prestamos CDFI, LLC

Marvette Berry in Desoto, TX received a Paycheck Protection Loan of $20,832 through Prestamos CDFI, LLC, which was approved in April, 2021.

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, 2022.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Marvette Berry reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,828
  • Utilities: $1

Business Information - Marvette Berry in Desoto, TX

Marvette Berry
Desoto, TX
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Child Day Care Services
NAICS code 624410

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-30

Similar Companies near Desoto

In the Desoto area, 56 businesses in the "Child Day Care Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $29,954 (compared to this company's $20,832).

Industry PPP Comparison Statistics

Nationwide, 128,936 businesses in the "Child Day Care Services" industry received a total of $5.47B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 700% higher than Marvette Berry's reported 1 employees, and received an average PPP loan of $42,425, 104% higher than this company's loan of $20,832.

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.

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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.


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Source: www.federalpay.org/paycheck-protection-program/marvette-berry-desoto-tx