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PPP Loan Data — Provincial Partners Inc,
Dallas, TX
Provincial Partners Inc
Entity: Corporation
Industry: Snack and Nonalcoholic Beverage Bars
Location: Dallas, TX
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Provincial Partners Inc is a corporation located at 19009 Preston Rd Ste 200 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $288,176.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 57 people during the applicable loan loan period.
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PPP Loan Information
Loan #5352398510
Loan Size:
Jobs Retained:
57Loan Approved:
2021-02-27Loan Status:
Ongoing LoanLender:
Prosperity BankProvincial Partners Inc in Dallas, TX received a Paycheck Protection Loan of $288,176 through Prosperity Bank, which was approved in February, 2021.
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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Provincial Partners Inc's 2019 payroll expenses are estimated to be at least $1.38M.
Based on their reported 57 jobs retained, this equals an estimated average yearly compensation of $24,267 per employee1
Reported PPP Proceed Usage:
On the PPP application, Provincial Partners Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $288,171
- Utilities: $1
Business Information - Provincial Partners Inc in Dallas, TX
19009 Preston Rd Ste 200
Dallas, TX 75252
Business Industry:
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 7 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 57) and received an average PPP loan of $64,189 (compared to this company's $288,176).
Similar Nearby Businesses Who Received PPP Funding:
DGY Investment Corporation
Dallas, TX
Marlon Wooten
Dallas, TX
Lyhong Inc
Dallas, TX
Pure Milk And Honey LLC
Dallas, TX
K And C Value Services
Dallas, TX
Industry PPP Comparison Statistics
Nationwide, 27,233 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.43B 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 11 employees, 81% lower than Provincial Partners Inc's reported 57 employees, and received an average PPP loan of $52,615, 82% lower than this company's loan of $288,176.
Provincial Partners, Inc
Entity: Corporation
Industry: Full-Service Restaurants
Location: Dallas, TX
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Provincial Partners, Inc is a corporation located at 19009 Preston Rd Suite 200 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $169,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 35 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1967987305
Loan Size:
Jobs Retained:
35Loan Approved:
2020-04-29Loan Status:
Paid in Full or ForgivenLender:
Prosperity BankProvincial Partners, Inc in Dallas, TX received a Paycheck Protection Loan of $169,100 through Prosperity Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Provincial Partners, Inc's 2019 payroll expenses are estimated to be at least $811,680.
Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $23,191 per employee1
Reported PPP Proceed Usage:
On the PPP application, Provincial Partners, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $169,100
Business Information - Provincial Partners, Inc in Dallas, TX
19009 Preston Rd Suite 200
Dallas, TX 75252
Business Industry:
Full-Service Restaurants
NAICS code 722511
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 52 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 35) and received an average PPP loan of $379,806 (compared to this company's $169,100).
Similar Nearby Businesses Who Received PPP Funding:
Dallas Coffee House & Bar LLC
Dallas, TX
Lindy's Restaurant Inc
Dallas, TX
Hakim & Associates Inc
Dallas, TX
Nikian LLC
Dallas, TX
Nasima Syed
Dallas, TX
Leonardo's Tex-Mex Inc
Dallas, TX
Afghan Sadaf USA Corporation
Dallas, TX
Shiraz Grill Inc
Dallas, TX
Malaav Business LLC
Dallas, TX
Industry PPP Comparison Statistics
Nationwide, 326,480 businesses in the "Full-Service Restaurants" industry received a total of $42.51B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 37% lower than Provincial Partners, Inc's reported 35 employees, and received an average PPP loan of $130,209, 23% lower than this company's loan of $169,100.
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.
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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