PPP Loan Data — Arnold Oil Company Of Austin, LP, Austin, TX
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
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.
Business Information - Arnold Oil Company Of Austin, LP in Austin, TX
5909 Burleson Road
Austin, TX 78744
Automotive Parts and Accessories Stores (NAICS code 441310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Caskey Brothers Inc
Wheel And Tire Superstore LLC
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.
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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