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

PPP Loan Data — Nationwide Technical Resources Corp, Irving, TX

ALERT: There are 2 PPP loans for a total of $487,697 in our database for businesses with the name "Nationwide Technical Resources Corp" in Irving, 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 Nationwide Technical Resources Corp
TX

Nationwide Technical Resources Corp

Entity: Corporation

Industry: Employment Placement Agencies

Location: Irving, TX

Search All PPP Data

Nationwide Technical Resources Corp is a corporation located at 5005 W Royal Ln Ste 298 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $246,690.00 in February, 2021.

$ PPP Loan Information
Loan #1071518406

Loan Size:

$246,690

Jobs Retained:

17

Loan Approved:

2021-02-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Nationwide Technical Resources Corp in Irving, TX received a Paycheck Protection Loan of $246,690 through Bank of America, National Association, which was approved in February, 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 September, 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, Nationwide Technical Resources Corp's 2019 payroll expenses are estimated to be at least $1.18M.

Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $69,654 per employee1

Reported PPP Proceed Usage:

On the PPP application, Nationwide Technical Resources Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $246,689

Business Information - Nationwide Technical Resources Corp in Irving, TX

Nationwide Technical Resources Corp
5005 W Royal Ln Ste 298
Irving, TX 75063

Business Industry:
Employment Placement Agencies
NAICS code 561311

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-24

Similar Companies near Irving

In the Irving area, 16 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 17) and received an average PPP loan of $847,742 (compared to this company's $246,690).

Industry PPP Comparison Statistics

Nationwide, 12,514 businesses in the "Employment Placement Agencies" industry received a total of $3.47B 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 35 employees, 106% higher than Nationwide Technical Resources Corp's reported 17 employees, and received an average PPP loan of $277,549, 13% higher than this company's loan of $246,690.

SBA PPP loan data, payroll data, and salaries for Nationwide Technical Resources Corp
TX

Nationwide Technical Resources Corp

Entity: Corporation

Industry: Office Administrative Services

Location: Irving, TX

Search All PPP Data

Nationwide Technical Resources Corp is a corporation located at 5005 W Royal Ln Ste 298 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $241,007.00 in May, 2020.

$ PPP Loan Information
Loan #6453787702

Loan Size:

$241,007

Jobs Retained:

34

Loan Approved:

2020-05-01

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

Nationwide Technical Resources Corp in Irving, TX received a Paycheck Protection Loan of $241,007 through Bank of America, National Association, which was approved in May, 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 February, 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, Nationwide Technical Resources Corp's 2019 payroll expenses are estimated to be at least $1.16M.

Based on their reported 34 jobs retained, this equals an estimated average yearly compensation of $34,025 per employee1

Reported PPP Proceed Usage:

On the PPP application, Nationwide Technical Resources Corp reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $241,007

Business Information - Nationwide Technical Resources Corp in Irving, TX

Nationwide Technical Resources Corp
5005 W Royal Ln Ste 298
Irving, TX 75063

Business Industry:
Office Administrative Services
NAICS code 561110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-24

Similar Companies near Irving

In the Irving area, 23 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 34) and received an average PPP loan of $101,437 (compared to this company's $241,007).

Industry PPP Comparison Statistics

Nationwide, 43,695 businesses in the "Office Administrative Services" industry received a total of $2.34B 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 6 employees, 82% lower than Nationwide Technical Resources Corp's reported 34 employees, and received an average PPP loan of $53,548, 78% lower than this company's loan of $241,007.

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.


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Source: www.federalpay.org/paycheck-protection-program/nationwide-technical-resources-corp-irving-tx