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PPP Loan Data — Respect Records, Desoto, TX

SBA PPP loan data, payroll data, and salaries for Respect Records
TX

Respect Records

Entity: Self-employed Individual

Industry: Music Publishers

Location: Desoto, TX

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Respect Records is a self-employed individual located in Desoto, Texas that received a Coronavirus-related PPP loan from the SBA of $17,708.00 in June, 2020.

$ PPP Loan Information
Loan #9994207906

Loan Size:

$17,708

Jobs Retained:

1

Loan Approved:

2020-06-20

Loan Status:

Ongoing Loan

Lender:

Kabbage, Inc.

Respect Records in Desoto, TX received a Paycheck Protection Loan of $17,708 through Kabbage, Inc., 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, Respect Records reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,708

Business Information - Respect Records in Desoto, TX

Respect Records
Desoto, TX
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Music Publishers
NAICS code 512230

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-30

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Respect Records.

Sweetpee Daycare
Child Day Care Services

$2,466 PPP Loan

Brittiany Roberson
General Freight Trucking, Local

$5,727 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,313 businesses in the "Music Publishers" industry received a total of $98.59M 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 3 employees, 200% higher than Respect Records' reported 1 employees, and received an average PPP loan of $29,758, 68% higher than this company's loan of $17,708.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/respect-records-desoto-tx