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PPP Loan Data — Nuevoco2, LLC, Plano, TX

SBA PPP loan data, payroll data, and salaries for Nuevoco2, LLC
TX

Nuevoco2, LLC

Entity: Limited Liability Company (LLC)

Industry: Miscellaneous Financial Investment Activities

Location: Plano, TX

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Nuevoco2, LLC is a limited liability company (LLC) located at 6400 International Pkwy in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $5,726,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.73M

Jobs Retained:

499

Loan Approved:

2020-04-27

Lender:

PROSPERITY BANK

Nuevoco2, LLC in Plano, TX received a Paycheck Protection Loan of $5.73M through PROSPERITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Nuevoco2, LLC's total 2019 payroll expenses were approximately $27.49M in order to qualify for the PPP loan amount received.

Based on their reported 499 jobs retained, this equals an estimated average yearly compensation of $55,087 per employee1.

Because the loan received by Nuevoco2, LLC 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 - Nuevoco2, LLC in Plano, TX

Nuevoco2, LLC
6400 International Pkwy
Plano, TX 75093

Business Industry

Miscellaneous Financial Investment Activities (NAICS code 523999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-03

Similar Companies near Plano

In the Plano area, 12 businesses in the "Miscellaneous Financial Investment Activities" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 499) and received an average PPP loan of $518,530 (compared to this company's $5.73M).

Industry PPP Comparison Statistics

Nationwide, 6,430 businesses in the "Miscellaneous Financial Investment Activities" industry received a total of $418,863,551.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 99% lower than Nuevoco2, LLC's reported 499 employees, and received an average PPP loan of $65,142, 99% lower than this company's loan of $5.73M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/nuevoco2-llc-plano-tx