PPP Loan Data — SP Gv Tropical Investments, Dallas, TX
SP Gv Tropical Investments is a limited liability company (LLC) located at 5315 Greenville Avenue in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $24,805.00 in May, 2020. This business is a Bahama Buck's Original Shaved Ice Company franchise.
The company has reported itself as an Asian female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
SP Gv Tropical Investments in Dallas, TX received a Paycheck Protection Loan of $24,805 through Cross River Bank, 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 March, 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, SP Gv Tropical Investments' 2019 payroll expenses are estimated to be at least $119,064.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,532 per employee1
Reported PPP Proceed Usage:
On the PPP application, SP Gv Tropical Investments reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,805
Business Information - SP Gv Tropical Investments in Dallas, TX
5315 Greenville Avenue
Dallas, TX 75206
NAICS code 523910
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 15 businesses in the "Miscellaneous Intermediation" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $92,473 (compared to this company's $24,805).
Similar Nearby Businesses Who Received PPP Funding:
Pony Oil LLC
Bunker Energy LLC
Gilhang & Hays Financial Management
William C Collins II
Peregrine Ep II LLC
Barra Investments, LLC
Pony Oil Operating LLC
Industry PPP Comparison Statistics
Nationwide, 8,414 businesses in the "Miscellaneous Intermediation" industry received a total of $504.92M 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 9 employees, 350% higher than SP Gv Tropical Investments' reported 2 employees, and received an average PPP loan of $60,010, 142% higher than this company's loan of $24,805.
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Footnotes & Information
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