PPP Loan Data — United Protective Services, LP, Dallas, TX
United Protective Services, LP is a partnership located at 6500 Greenville Ae Ste525 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,946,900.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
United Protective Services, LP in Dallas, TX received a Paycheck Protection Loan of $1.95M through Simmons Bank, 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 May, 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, United Protective Services, LP's 2019 payroll expenses are estimated to be at least $9.35M.
Based on their reported 324 jobs retained, this equals an estimated average yearly compensation of $28,843 per employee1
Reported PPP Proceed Usage:
On the PPP application, United Protective Services, LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,946,900
Business Information - United Protective Services, LP in Dallas, TX
6500 Greenville Ae Ste525
Dallas, TX 75206
Security Guards and Patrol Services
NAICS code 561612
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 8 businesses in the "Security Guards and Patrol Services" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 324) and received an average PPP loan of $655,351 (compared to this company's $1.95M).
Similar Nearby Businesses Who Received PPP Funding:
United Protective Services Of San Antonio, LP
United Protective Services Of South Texas LP
United Protective Services Of Oklahoma City, LP
Cardinal Safety Systems, Inc
United Protective Services Of Fort Worth, LP
United Protective Services Of Austin, LP
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, 94% lower than United Protective Services, LP's reported 324 employees, and received an average PPP loan of $99,483, 95% lower than this company's loan of $1.95M.
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Footnotes & Information
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