PPP Loan Data — One Outsourcing, LLC, Carrollton, TX
One Outsourcing, LLC is a limited liability company (LLC) located at 1925 E Belt Line Rd, Ste 304 in Carrollton, Texas that received a Coronavirus-related PPP loan from the SBA of $2,140,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
One Outsourcing, LLC in Carrollton, TX received a Paycheck Protection Loan of $2.14M through Wallis Bank, which was approved in April, 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, One Outsourcing, LLC's 2019 payroll expenses are estimated to be at least $10.27M.
Based on their reported 482 jobs retained, this equals an estimated average yearly compensation of $21,311 per employee1
Reported PPP Proceed Usage:
On the PPP application, One Outsourcing, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,712,000
- Utilities: $428,000
Business Information - One Outsourcing, LLC in Carrollton, TX
1925 E Belt Line Rd, Ste 304
Carrollton, TX 75006
Professional Employer Organizations
NAICS code 561330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Carrollton
In the Carrollton area, 6 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 482) and received an average PPP loan of $554,397 (compared to this company's $2.14M).
Similar Nearby Businesses Who Received PPP Funding:
UNO Management, LLC
UNO Outsourcing, LLC
Industry PPP Comparison Statistics
Nationwide, 2,957 businesses in the "Professional Employer Organizations" industry received a total of $734.1M 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 27 employees, 94% lower than One Outsourcing, LLC's reported 482 employees, and received an average PPP loan of $248,260, 88% lower than this company's loan of $2.14M.
FederalPay's PPP Information Policy
Footnotes & Information
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