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PPP Loan Data — Positively Approaching It, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Positively Approaching It
TX

Positively Approaching It

Entity: Sole Proprietorship

Industry: All Other Professional, Scientific, and Technical Services

Location: Dallas, TX

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Positively Approaching It is a sole proprietorship located in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $9,685.00 in June, 2020.

$ PPP Loan Information
Loan #4888778009

Loan Size:

$9,685

Jobs Retained:

1

Loan Approved:

2020-06-26

Loan Status:

Ongoing Loan

Lender:

WebBank

Positively Approaching It in Dallas, TX received a Paycheck Protection Loan of $9,685 through WebBank, which was approved in June, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Positively Approaching It reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $9,685

Business Information - Positively Approaching It in Dallas, TX

Positively Approaching It
Dallas, TX
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-32

Similar Companies near Dallas

In the Dallas area, 36 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $129,173 (compared to this company's $9,685).

Industry PPP Comparison Statistics

Nationwide, 130,067 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.42B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 400% higher than Positively Approaching It's reported 1 employees, and received an average PPP loan of $57,015, 489% higher than this company's loan of $9,685.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/positively-approaching-it-dallas-tx