Find out which Grand Prairie businesses will benefit from PPP loans during the pandemic
About 100 Grand Prairie businesses have secured millions of loans from the federal paycheck protection program since the start of the COVID-19 pandemic, according to a limited release of data made public Monday.
In North Texas, the total payout was over $ 6.2 billion. Data shows the loans may have helped save 800,000 jobs at 15,566 businesses, but they have also given massive payments to some of the region’s largest employers as part of a plan designed to help small businesses. companies.
Companies in these five North Texas cities received the most money from the program.
- Dallas: $ 1.9 billion
- Fort Worth: $ 723.5 million in loans
- Plano: $ 455.5 million
- Irving: $ 398.1 million
- Arlington: $ 193.9 million
Each payment ranged from $ 150,000 to $ 10 million, but no exact amount was given for any of the loans. The following Grand Prairie companies received the largest loans, which were between $ 5 million and $ 10 million.
- Professional packaging systems, which manufactures packaging for Frito Lay, Hobby Lobby and others
- Polk Mechanical Company
- Arnold Transportation Services
The program defined a small business as having no more than 500 employees. Of the Grand Prairie-based companies listed in the database, two had about 500 – Darby Day and Professional Packing Systems.
The administration also released data on loans under $ 150,000, but did not disclose the names of the companies that received them. This list includes 337,000 additional loans to Texas businesses, totaling nearly $ 11.4 billion.
The data was made public after legal action by 10 media organizations, including The Washington Post, Bloomberg, The New York Times and Dow Jones, the parent company of The the Wall Street newspaper.
Search by city to see what other businesses in Grand Prairie have received loans.