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PPP Loan Data — 24 HR Safety, LLC,
Deer Park, TX
24 HR Safety, LLC
Entity: Limited Liability Company (LLC)
Industry: Other Electronic Parts and Equipment Merchant Wholesalers
Location: Deer Park, TX
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24 HR Safety, LLC is a limited liability company (LLC) located at 4912 Railroad Street in Deer Park, Texas that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
The company has reported itself as a Hispanic male owned business, and employed at least 213 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
213Loan Approved:
2020-04-06Lender:
VERITEX COMMUNITY BANK24 HR Safety, LLC in Deer Park, TX received a Paycheck Protection Loan of $2.5M through VERITEX COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, 24 HR Safety, LLC's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $56,338 per employee1.
Business Information - 24 HR Safety, LLC in Deer Park, TX
4912 Railroad Street
Deer Park, TX 77536
Business Industry
Other Electronic Parts and Equipment Merchant Wholesalers (NAICS code 423690)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-36Industry PPP Comparison Statistics
Nationwide, 2,976 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a total of $458,980,945.00 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 11 employees, 95% lower than 24 HR Safety, LLC's reported 213 employees, and received an average PPP loan of $154,227, 94% lower than this company's loan of $2.5M.
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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