PPP Loan Data — Sun Holdings Inc, Dallas, TX
Sun Holdings Inc
Entity: Subchapter S Corporation
Location: Dallas, TXTweet This • Search All PPP Data
Sun Holdings Inc is a subchapter s corporation located at 4515 Lyndon B. Johnson in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,517,490.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 167 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Sun Holdings Inc in Dallas, TX received a Paycheck Protection Loan of $1.52M through Simmons Bank, which was approved in April, 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 January, 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, Sun Holdings Inc's 2019 payroll expenses are estimated to be at least $7.28M.
Based on their reported 167 jobs retained, this equals an estimated average yearly compensation of $43,616 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sun Holdings Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,287,490
- Utilities: $70,000
- Rent: $160,000
Business Information - Sun Holdings Inc in Dallas, TX
4515 Lyndon B. Johnson
Dallas, TX 75244
Corporate, Subsidiary, and Regional Managing Offices
NAICS code 551114
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,261 businesses in the "Corporate, Subsidiary, and Regional Managing Offices" industry received a total of $411.49M 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 12 employees, 93% lower than Sun Holdings Inc's reported 167 employees, and received an average PPP loan of $126,185, 92% lower than this company's loan of $1.52M.
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Footnotes & Information
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