PPP Loan Data — Top Quality Fence & Arbor LLC, Frisco, TX
Top Quality Fence & Arbor LLC is a limited liability company (LLC) located at 11020 Brighton Ln in Frisco, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Top Quality Fence & Arbor LLC in Frisco, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 June, 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, Top Quality Fence & Arbor LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Top Quality Fence & Arbor LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Top Quality Fence & Arbor LLC in Frisco, TX
11020 Brighton Ln
Frisco, TX 75033
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Frisco
In the Frisco area, 53 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 2) and received an average PPP loan of $106,722 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Extreme Environmental Group, Inc
Alejandro Rubio DBA A & A Construction And Remodeling
Bmfb Concrete Contractors LLC
Industrial Commercial Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 93,400 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.04B 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 8 employees, 300% higher than Top Quality Fence & Arbor LLC's reported 2 employees, and received an average PPP loan of $86,076, 244% higher than this company's loan of $25,000.
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Footnotes & Information
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