PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Runway Proptech LLC, Dallas, TX

ALERT: There are 2 PPP loans for a total of $63,716 in our database for businesses with the name "Runway Proptech LLC" in Dallas, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Runway Proptech LLC
TX

Runway Proptech LLC

Entity: Limited Liability Company (LLC)

Industry: Software Publishers

Location: Dallas, TX

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Runway Proptech LLC is a limited liability company (LLC) located at 1212 S Riverfront Blvd # 100 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $48,930.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.

$ PPP Loan Information
Loan #1955448502

Loan Size:

$48,930

Jobs Retained:

4

Loan Approved:

2021-02-19

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Runway Proptech LLC in Dallas, TX received a Paycheck Protection Loan of $48,930 through Loan Source Incorporated, 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 More
Understanding 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 More

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, Runway Proptech LLC's 2019 payroll expenses are estimated to be at least $234,864.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $58,716 per employee1

Reported PPP Proceed Usage:

On the PPP application, Runway Proptech LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $48,928
  • Utilities: $1

Business Information - Runway Proptech LLC in Dallas, TX

Runway Proptech LLC
1212 S Riverfront Blvd # 100
Dallas, TX 75207

Business Industry:
Software Publishers
NAICS code 511210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-30

Similar Companies near Dallas

In the Dallas area, 8 businesses in the "Software Publishers" industry received a PPP loan. These local businesses reported an average of 44 employees (compared to this company's 4) and received an average PPP loan of $689,020 (compared to this company's $48,930).

Industry PPP Comparison Statistics

Nationwide, 13,466 businesses in the "Software Publishers" industry received a total of $2.73B 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 13 employees, 225% higher than Runway Proptech LLC's reported 4 employees, and received an average PPP loan of $202,819, 315% higher than this company's loan of $48,930.

SBA PPP loan data, payroll data, and salaries for Runway Proptech LLC
TX

Runway Proptech LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous General Purpose Machinery Manufacturing

Location: Dallas, TX

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Runway Proptech LLC is a limited liability company (LLC) located at 1212 S Riverfront Boulevard #100 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $14,786.00 in June, 2020.

The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #7069548010

Loan Size:

$14,786

Jobs Retained:

3

Loan Approved:

2020-06-30

Loan Status:

Paid in Full or Forgiven

Lender:

Territorial Bank of American Samoa

Runway Proptech LLC in Dallas, TX received a Paycheck Protection Loan of $14,786 through Territorial Bank of American Samoa, which was approved in June, 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 March, 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 More
Understanding 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 More

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, Runway Proptech LLC's 2019 payroll expenses are estimated to be at least $70,973.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $23,658 per employee1

Reported PPP Proceed Usage:

On the PPP application, Runway Proptech LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $14,786

Business Information - Runway Proptech LLC in Dallas, TX

Runway Proptech LLC
1212 S Riverfront Boulevard #100
Dallas, TX 75207

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-30

Similar Companies near Dallas

In the Dallas area, 2 businesses in the "All Other Miscellaneous General Purpose Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 3) and received an average PPP loan of $101,262 (compared to this company's $14,786).

Similar Nearby Businesses Who Received PPP Funding:

Coherent Metal Inc
Dallas, TX

$187,737 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 3,242 businesses in the "All Other Miscellaneous General Purpose Machinery Manufacturing" industry received a total of $641.64M 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 17 employees, 467% higher than Runway Proptech LLC's reported 3 employees, and received an average PPP loan of $197,915, 1239% higher than this company's loan of $14,786.

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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Source: www.federalpay.org/paycheck-protection-program/runway-proptech-llc-dallas-tx