PPP Loan Data — Myeandle Inc, Arlington, TX
Myeandle Inc is a subchapter s corporation located at 1301 S Bowen Road Suite 125 in Arlington, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Third Coast Bank SSB
Myeandle Inc in Arlington, TX received a Paycheck Protection Loan of $25,400 through Third Coast Bank SSB, 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Myeandle Inc's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Myeandle Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Myeandle Inc in Arlington, TX
1301 S Bowen Road Suite 125
Arlington, TX 76013
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Arlington
In the Arlington area, 70 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $15,696 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
The Brandee Kelley Group, Inc
Shih's International Inc
Tuan Trung Le
Julie W. Demott
Steve G Gray
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, the same amount reported by Myeandle Inc and received an average PPP loan of $22,469, 12% lower than this company's loan of $25,400.
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Footnotes & Information
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