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PPP Loan Data — Marvin F Poer & Co, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Marvin F Poer & Co
TX

Marvin F Poer & Co

Entity: Corporation

Industry: Administrative Management and General Management Consulting Services

Location: Dallas, TX

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Marvin F Poer & Co is a corporation located at 12720 Hillcrest Road in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,473,132.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 185 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.47M

Jobs Retained:

185

Loan Approved:

2020-04-11

Lender:

BBVA USA

Marvin F Poer & Co received a Paycheck Protection Loan of $3.47M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Marvin F Poer & Co's total 2019 payroll expenses were approximately $16.67M in order to qualify for the PPP loan amount received.

Based on their reported 185 jobs retained, this equals an estimated average yearly compensation of $90,114 per employee1.

Because the loan received by Marvin F Poer & Co 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 - Marvin F Poer & Co in Dallas, TX

Marvin F Poer & Co
12720 Hillcrest Road
Dallas, TX 75230

Business Industry

Administrative Management and General Management Consulting Services (NAICS code 541611)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-32

Similar Companies near Dallas

In the Dallas area, 27 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 185) and received an average PPP loan of $168,394 (compared to this company's $3.47M).

Industry PPP Comparison Statistics

Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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 6 employees, 97% lower than Marvin F Poer & Co's reported 185 employees, and received an average PPP loan of $86,242, 98% lower than this company's loan of $3.47M.

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.

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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/marvin-f-poer-and-co-dallas-tx