PPP Loan Data — Showbiz Cinemas LLC, Dallas, TX
Showbiz Cinemas LLC is a limited liability company (LLC) located at 12400 Coit Rd., Suite 860 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,690,385.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First State Bank
Showbiz Cinemas LLC in Dallas, TX received a Paycheck Protection Loan of $1.69M through The First State Bank, which was approved in April, 2020.
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, Showbiz Cinemas LLC's 2019 payroll expenses are estimated to be at least $8.11M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $16,228 per employee1
Reported PPP Proceed Usage:
On the PPP application, Showbiz Cinemas LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,690,385
Business Information - Showbiz Cinemas LLC in Dallas, TX
12400 Coit Rd., Suite 860
Dallas, TX 75251
Motion Picture Theaters (except Drive-Ins)
NAICS code 512131
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 5 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a PPP loan. These local businesses reported an average of 290 employees (compared to this company's 500) and received an average PPP loan of $2,463,131 (compared to this company's $1.69M).
Similar Nearby Businesses Who Received PPP Funding:
Sulphur Springs Theatre LLC
Gibsonton Theater, LLC
Studio Movie Grill Holdings, LLC
Industry PPP Comparison Statistics
Nationwide, 1,988 businesses in the "Motion Picture Theaters (except Drive-Ins)" industry received a total of $203.31M 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 25 employees, 95% lower than Showbiz Cinemas LLC's reported 500 employees, and received an average PPP loan of $102,271, 94% lower than this company's loan of $1.69M.
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Footnotes & Information
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