PPP Loan Data — Pillar Income Asset Management, Inc, Dallas, TX
Pillar Income Asset Management, Inc is a corporation located at 1603 Lyndon B Johnson Fwy Ste 800 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,891,160.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 92 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Pillar Income Asset Management, Inc in Dallas, TX received a Paycheck Protection Loan of $1.89M through BBVA USA, 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, Pillar Income Asset Management, Inc's 2019 payroll expenses are estimated to be at least $9.08M.
Based on their reported 92 jobs retained, this equals an estimated average yearly compensation of $98,669 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pillar Income Asset Management, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,418,370
- Rent: $472,790
Business Information - Pillar Income Asset Management, Inc in Dallas, TX
1603 Lyndon B Johnson Fwy Ste 800
Dallas, TX 75234
Offices of Real Estate Agents and Brokers
NAICS code 531210
Business Owner Demographics
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 39 businesses in the "Offices of Real Estate Agents and Brokers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 92) and received an average PPP loan of $157,283 (compared to this company's $1.89M).
Similar Nearby Businesses Who Received PPP Funding:
Farmers Branch, TX
Tara Marie Phillips
Farmers Branch, TX
Sung Mi Bang
Industry PPP Comparison Statistics
Nationwide, 255,794 businesses in the "Offices of Real Estate Agents and Brokers" industry received a total of $5.75B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 2 employees, 98% lower than Pillar Income Asset Management, Inc's reported 92 employees, and received an average PPP loan of $22,469, 99% lower than this company's loan of $1.89M.
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Footnotes & Information
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