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PPP Loan Data — The Fenway Group LLC, Southlake, TX

SBA PPP loan data, payroll data, and salaries for The Fenway Group LLC
TX

The Fenway Group LLC

Entity: Limited Liability Company (LLC)

Industry: Computer Systems Design Services

Location: Southlake, TX

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The Fenway Group LLC is a limited liability company (LLC) located at 420 N Carroll Ave Suite 150 in Southlake, Texas that received a Coronavirus-related PPP loan from the SBA of $987,607.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$987,607

Jobs Retained:

170

Loan Approved:

2020-04-10

Lender:

ORIGIN BANK

The Fenway Group LLC in Southlake, TX received a Paycheck Protection Loan of $987,607 through ORIGIN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Fenway Group LLC's total 2019 payroll expenses were approximately $4.74M in order to qualify for the PPP loan amount received.

Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $27,885 per employee1.

Business Information - The Fenway Group LLC in Southlake, TX

The Fenway Group LLC
420 N Carroll Ave Suite 150
Southlake, TX 76092

Business Industry

Computer Systems Design Services (NAICS code 541512)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-24

Similar Companies near Southlake

In the Southlake area, 14 businesses in the "Computer Systems Design Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 170) and received an average PPP loan of $351,694 (compared to this company's $987,607).

Industry PPP Comparison Statistics

Nationwide, 17,994 businesses in the "Computer Systems Design Services" industry received a total of $3,264,251,371.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 10 employees, 94% lower than The Fenway Group LLC's reported 170 employees, and received an average PPP loan of $181,408, 82% lower than this company's loan of $987,607.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/the-fenway-group-llc-southlake-tx