PPP Loan Data — Varidesk, LLC, Coppell, TX
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
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Varidesk, 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
Furniture Merchant Wholesalers (NAICS code 423210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-24
Similar 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
Fatboy USA LLC
Southern Enterprises, LLC
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!