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PPP Loan Data — Varidesk, LLC,
Coppell, TX
Varidesk, LLC
Entity: Limited Liability Company (LLC)
Industry: Furniture Merchant Wholesalers
Location: Coppell, TX
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Varidesk, LLC is a limited liability company (LLC) located at 1221 South Belt Line Road Suite 500 in Coppell, Texas that received a Coronavirus-related PPP loan from the SBA of $4,759,091.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 343 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
343Loan Approved:
2020-04-09Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COVaridesk, LLC in Coppell, TX received a Paycheck Protection Loan of $4.76M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Varidesk, LLC's total 2019 payroll expenses were approximately $22.84M in order to qualify for the PPP loan amount received.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $66,600 per employee1.
Business Information - Varidesk, LLC in Coppell, TX
1221 South Belt Line Road Suite 500
Coppell, TX 75019
Business Industry
Furniture Merchant Wholesalers (NAICS code 423210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: TX-24Similar Companies near Coppell
In the Coppell area, 4 businesses in the "Furniture Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 107 employees (compared to this company's 343) and received an average PPP loan of $1,630,961 (compared to this company's $4.76M).
Similar Nearby Businesses Who Received PPP Funding:
KLT Sales Company
Coppell, TX
Fatboy USA LLC
Coppell, TX
Southern Enterprises, LLC
Coppell, TX
Industry PPP Comparison Statistics
Nationwide, 2,847 businesses in the "Furniture Merchant Wholesalers" industry received a total of $449,386,306.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 97% lower than Varidesk, LLC's reported 343 employees, and received an average PPP loan of $157,846, 97% lower than this company's loan of $4.76M.
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.
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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