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PPP Loan Data — Arnold Oil Company Of Austin, LP, Austin, TX

SBA PPP loan data, payroll data, and salaries for Arnold Oil Company Of Austin, LP
TX

Arnold Oil Company Of Austin, LP

Entity: Partnership

Industry: Automotive Parts and Accessories Stores

Location: Austin, TX

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Arnold Oil Company Of Austin, LP is a partnership located at 5909 Burleson Road in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $3,191,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.19M

Jobs Retained:

295

Loan Approved:

2020-04-08

Lender:

PLAINSCAPITAL BANK

Arnold Oil Company Of Austin, LP received a Paycheck Protection Loan of $3.19M through PLAINSCAPITAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Arnold Oil Company Of Austin, LP's total 2019 payroll expenses were approximately $15.32M in order to qualify for the PPP loan amount received.

Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $51,921 per employee1.

Because the loan received by Arnold Oil Company Of Austin, LP 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 - Arnold Oil Company Of Austin, LP in Austin, TX

Arnold Oil Company Of Austin, LP
5909 Burleson Road
Austin, TX 78744

Business Industry

Automotive Parts and Accessories Stores (NAICS code 441310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-35

Similar Companies near Austin

In the Austin area, 3 businesses in the "Automotive Parts and Accessories Stores" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 295) and received an average PPP loan of $1,191,888 (compared to this company's $3.19M).

Industry PPP Comparison Statistics

Nationwide, 11,618 businesses in the "Automotive Parts and Accessories Stores" industry received a total of $952,726,641.00 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 9 employees, 97% lower than Arnold Oil Company Of Austin, LP's reported 295 employees, and received an average PPP loan of $82,004, 97% lower than this company's loan of $3.19M.

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/arnold-oil-company-of-austin-lp-austin-tx