PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Ameritex Pipe & Products LLC, Sequin, TX

SBA PPP loan data, payroll data, and salaries for Ameritex Pipe & Products LLC
TX

Ameritex Pipe & Products LLC

Entity: Limited Liability Company (LLC)

Industry: Other Concrete Product Manufacturing

Location: Sequin, TX

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Ameritex Pipe & Products LLC is a limited liability company (LLC) located at P.o. Box 150 in Sequin, Texas that received a Coronavirus-related PPP loan from the SBA of $4,172,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.17M

Jobs Retained:

317

Loan Approved:

2020-04-27

Lender:

MUFG UNION BANK, NATIONAL ASSOCIATION

Ameritex Pipe & Products LLC received a Paycheck Protection Loan of $4.17M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ameritex Pipe & Products LLC's total 2019 payroll expenses were approximately $20.03M in order to qualify for the PPP loan amount received.

Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $63,186 per employee1.

Because the loan received by Ameritex Pipe & Products LLC 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 - Ameritex Pipe & Products LLC in Sequin, TX

Ameritex Pipe & Products LLC
P.o. Box 150
Sequin, TX 78156

Business Industry

Other Concrete Product Manufacturing (NAICS code 327390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-21

Industry PPP Comparison Statistics

Nationwide, 1,005 businesses in the "Other Concrete Product Manufacturing" industry received a total of $284,964,400.00 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 22 employees, 93% lower than Ameritex Pipe & Products LLC's reported 317 employees, and received an average PPP loan of $283,547, 93% lower than this company's loan of $4.17M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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/ameritex-pipe-and-products-llc-sequin-tx