PPP Loan Data — Showcase Entertainment Group LLC, Garland, TX
Showcase Entertainment Group LLC is a limited liability company (LLC) located at 5435 North Garland Avenue 140-505 in Garland, Texas that received a Coronavirus-related PPP loan from the SBA of $1,903,047.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Showcase Entertainment Group LLC in Garland, TX received a Paycheck Protection Loan of $1.9M through Cross River Bank, which was approved in June, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 91. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Showcase Entertainment Group LLC's 2019 payroll expenses are estimated to be at least $9.13M (not accounting for salary amounts > $100k).
Because the 80 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Showcase Entertainment Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,903,047
Business Information - Showcase Entertainment Group LLC in Garland, TX
5435 North Garland Avenue 140-505
Garland, TX 75040
Other Performing Arts Companies
NAICS code 711190
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Garland
In the Garland area, 3 businesses in the "Other Performing Arts Companies" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 80) and received an average PPP loan of $640,360 (compared to this company's $1.9M).
Similar Nearby Businesses Who Received PPP Funding:
Randell Palette LLC
Rowlett Appliance Installation LLC
Industry PPP Comparison Statistics
Nationwide, 24,161 businesses in the "Other Performing Arts Companies" industry received a total of $712.21M 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 4 employees, 95% lower than Showcase Entertainment Group LLC's reported 80 employees, and received an average PPP loan of $29,478, 98% lower than this company's loan of $1.9M.
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Footnotes & Information
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