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PPP Loan Data — Talent Corporation LLC, Addison, TX

SBA PPP loan data, payroll data, and salaries for Talent Corporation LLC
TX

Talent Corporation LLC

Entity: Limited Liability Company (LLC)

Industry: Power and Communication Line and Related Structures Construction

Location: Addison, TX

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Talent Corporation LLC is a limited liability company (LLC) located at 4570 Westgrove Dr Suite 122 in Addison, Texas that received a Coronavirus-related PPP loan from the SBA of $3,658,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.66M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-10

Lender:

SIMMONS BANK

Talent Corporation LLC received a Paycheck Protection Loan of $3.66M through SIMMONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Talent Corporation LLC's total 2019 payroll expenses were approximately $17.56M in order to qualify for the PPP loan amount received.

Unlike most businesses, Talent Corporation LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Talent Corporation LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Talent Corporation LLC in Addison, TX

Talent Corporation LLC
4570 Westgrove Dr Suite 122
Addison, TX 75001

Business Industry

Power and Communication Line and Related Structures Construction (NAICS code 237130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-24

Industry PPP Comparison Statistics

Nationwide, 2,531 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $727,350,112.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, and received an average PPP loan of $287,377, 92% lower than this company's loan of $3.66M.

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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/talent-corporation-llc-addison-tx