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PPP Loan Data — ABC Pest Control, Inc., Of Austin, Austin, TX

SBA PPP loan data, payroll data, and salaries for ABC Pest Control, Inc., Of Austin
TX

ABC Pest Control, Inc., Of Austin

Entity: Subchapter S Corporation

Industry: Exterminating and Pest Control Services

Location: Austin, TX

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ABC Pest Control, Inc., Of Austin is a subchapter s corporation located at 9475 E. Highway 290 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $7,528,470.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$7.53M

Jobs Retained:

500

Loan Approved:

2020-04-10

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

ABC Pest Control, Inc., Of Austin in Austin, TX received a Paycheck Protection Loan of $7.53M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, ABC Pest Control, Inc., Of Austin's total 2019 payroll expenses were approximately $36.14M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $72,273 per employee1.

Because the loan received by ABC Pest Control, Inc., Of Austin is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - ABC Pest Control, Inc., Of Austin in Austin, TX

ABC Pest Control, Inc., Of Austin
9475 E. Highway 290
Austin, TX 78724

Business Industry

Exterminating and Pest Control Services (NAICS code 561710)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-35

Similar Companies near Austin

In the Austin area, 4 businesses in the "Exterminating and Pest Control Services" industry received a PPP loan. These local businesses reported an average of 168 employees (compared to this company's 500) and received an average PPP loan of $2,347,856 (compared to this company's $7.53M).

Industry PPP Comparison Statistics

Nationwide, 7,394 businesses in the "Exterminating and Pest Control Services" industry received a total of $589,757,179.00 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 8 employees, 98% lower than ABC Pest Control, Inc., Of Austin's reported 500 employees, and received an average PPP loan of $79,762, 99% lower than this company's loan of $7.53M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/abc-pest-control-inc-of-austin-austin-tx