PPP Loan Data — Perimeter International, Irving, TX
Perimeter International is a corporation located at 2800 Story Road W Suite 100 in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $3,044,835.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Perimeter International in Irving, TX received a Paycheck Protection Loan of $3.04M through JPMorgan Chase Bank, National Association, 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, Perimeter International's 2019 payroll expenses are estimated to be at least $14.62M.
Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $73,814 per employee1
Reported PPP Proceed Usage:
On the PPP application, Perimeter International reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,254,915
- Rent: $506,688
- Health Care: $283,232
Business Information - Perimeter International in Irving, TX
2800 Story Road W Suite 100
Irving, TX 75038
Couriers and Express Delivery Services
NAICS code 492110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Irving
In the Irving area, 66 businesses in the "Couriers and Express Delivery Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 198) and received an average PPP loan of $55,834 (compared to this company's $3.04M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 90,334 businesses in the "Couriers and Express Delivery Services" industry received a total of $1.39B 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 2 employees, 99% lower than Perimeter International's reported 198 employees, and received an average PPP loan of $15,334, 99% lower than this company's loan of $3.04M.
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Footnotes & Information
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