PPP Loan Data — Texas Uptown Dog Grooming LLC, Dallas, TX
Texas Uptown Dog Grooming LLC is a limited liability company (LLC) located at 3014 Greenville Ave in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Texas Uptown Dog Grooming LLC in Dallas, TX received a Paycheck Protection Loan of $25,000 through Frost Bank, 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 Uptown Dog Grooming LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texas Uptown Dog Grooming LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Texas Uptown Dog Grooming LLC in Dallas, TX
3014 Greenville Ave
Dallas, TX 75206
Pet Care (except Veterinary) Services
NAICS code 812910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 13 businesses in the "Pet Care (except Veterinary) Services" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 5) and received an average PPP loan of $76,819 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Canine Country Club Inc
BAA Ram Ewe LLC
Pet Bar Inc
PAW Lofts Medical Drive Co
Park Cities Obedience School, Inc
Dogpaw Pet Services
Texas Uptown Dog LLC
Canine Country Club
Industry PPP Comparison Statistics
Nationwide, 32,185 businesses in the "Pet Care (except Veterinary) Services" industry received a total of $1.07B 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 6 employees, 20% higher than Texas Uptown Dog Grooming LLC's reported 5 employees, and received an average PPP loan of $33,319, 33% higher than this company's loan of $25,000.
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Footnotes & Information
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