PPP Loan Data — Nexgen Nails USA LLC, Dallas, TX
Nexgen Nails USA LLC
Entity: Subchapter S Corporation
Location: Dallas, TXTweet This • Search All PPP Data
Nexgen Nails USA LLC is a subchapter s corporation located at 13650 T I Blvd Ste 304 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $46,582.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Nexgen Nails USA LLC in Dallas, TX received a Paycheck Protection Loan of $46,582 through Quontic Bank, which was approved in July, 2020.
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, Nexgen Nails USA LLC's 2019 payroll expenses are estimated to be at least $223,594.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,531 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nexgen Nails USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,582
Business Information - Nexgen Nails USA LLC in Dallas, TX
13650 T I Blvd Ste 304
Dallas, TX 75243
Industrial Machinery and Equipment Merchant Wholesalers
NAICS code 423830
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 7 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 3) and received an average PPP loan of $188,466 (compared to this company's $46,582).
Similar Nearby Businesses Who Received PPP Funding:
Burns Controls Company
Howell Ecr Systems, Inc
Modern Manufacturing Technologies Inc
Knight Electronics, Inc
Lightbourn Equipment Company
Industry PPP Comparison Statistics
Nationwide, 11,076 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $2.24B 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 15 employees, 400% higher than Nexgen Nails USA LLC's reported 3 employees, and received an average PPP loan of $202,534, 335% higher than this company's loan of $46,582.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!