PPP Loan Data — Universal Precision LLC, Hurst, TX
Universal Precision LLC is a limited liability company (LLC) located at 3609 Raider Dr in Hurst, Texas that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The American National Bank of Texas
Universal Precision LLC in Hurst, TX received a Paycheck Protection Loan of $24,900 through The American National Bank of Texas, which was approved in April, 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, Universal Precision LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, Universal Precision LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Universal Precision LLC in Hurst, TX
3609 Raider Dr
Hurst, TX 76053
NAICS code 332710
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hurst
In the Hurst area, 7 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $45,738 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Sons Design & Manufacturing Inc
H & H Precision, Inc
Saturn Manufacturing Corporat
Ramm Defense Products Inc
Barlag Grinding & MFG Inc AKA Barlag Tool
Industry PPP Comparison Statistics
Nationwide, 16,572 businesses in the "Machine Shops" industry received a total of $2.92B 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 15 employees, 400% higher than Universal Precision LLC's reported 3 employees, and received an average PPP loan of $176,279, 608% higher than this company's loan of $24,900.
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Footnotes & Information
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