PPP Loan Data — Quality Sausage Company LLC, Dallas, TX
Quality Sausage Company LLC is a limited liability company (LLC) located at 1925 Lone Star Dr in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,577,287.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Quality Sausage Company LLC in Dallas, TX received a Paycheck Protection Loan of $1.58M through Bank of America, National Association, which was approved in May, 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
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, Quality Sausage Company LLC's 2019 payroll expenses are estimated to be at least $7.57M.
Based on their reported 118 jobs retained, this equals an estimated average yearly compensation of $64,161 per employee1
Reported PPP Proceed Usage:
On the PPP application, Quality Sausage Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,577,287
Business Information - Quality Sausage Company LLC in Dallas, TX
1925 Lone Star Dr
Dallas, TX 75212
Meat Processed from Carcasses
NAICS code 311612
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,229 businesses in the "Meat Processed from Carcasses" industry received a total of $350.46M 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 31 employees, 74% lower than Quality Sausage Company LLC's reported 118 employees, and received an average PPP loan of $285,155, 82% lower than this company's loan of $1.58M.
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Footnotes & Information
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