PPP Loan Data — Texas Security Group, Dallas, TX
Texas Security Group is a non-profit organization located at 6510 Abrams Rd in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $24,822.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Texas Security Group in Dallas, TX received a Paycheck Protection Loan of $24,822 through BBVA USA, 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, Texas Security Group's 2019 payroll expenses are estimated to be at least $119,146.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,573 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texas Security Group reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,822
Business Information - Texas Security Group in Dallas, TX
6510 Abrams Rd
Dallas, TX 75231
Security Guards and Patrol Services
NAICS code 561612
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 13 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 2) and received an average PPP loan of $99,550 (compared to this company's $24,822).
Similar Nearby Businesses Who Received PPP Funding:
L&J Staffing Solutions, Inc
Alpha Protection Escorts
Dallas Central Tactical
Netherland Securities, Inc
Industry PPP Comparison Statistics
Nationwide, 14,660 businesses in the "Security Guards and Patrol Services" industry received a total of $1.46B 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 18 employees, 800% higher than Texas Security Group's reported 2 employees, and received an average PPP loan of $99,483, 301% higher than this company's loan of $24,822.
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Footnotes & Information
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