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PPP Loan Data — Atlas Sand Company LLC, Austin, TX

SBA PPP loan data, payroll data, and salaries for Atlas Sand Company LLC
TX

Atlas Sand Company LLC

Entity: Limited Liability Company (LLC)

Industry: Construction Sand and Gravel Mining

Location: Austin, TX

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Atlas Sand Company LLC is a limited liability company (LLC) located at 5914 W Courtyard Dr in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $4,412,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.41M

Jobs Retained:

213

Loan Approved:

2020-04-09

Lender:

INDEPENDENT BANK

Atlas Sand Company LLC in Austin, TX received a Paycheck Protection Loan of $4.41M through INDEPENDENT BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Atlas Sand Company LLC's total 2019 payroll expenses were approximately $21.18M 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 $99,446 per employee1.

Because the loan received by Atlas Sand Company 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 - Atlas Sand Company LLC in Austin, TX

Atlas Sand Company LLC
5914 W Courtyard Dr
Austin, TX 78730

Business Industry

Construction Sand and Gravel Mining (NAICS code 212321)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-25

Industry PPP Comparison Statistics

Nationwide, 2,440 businesses in the "Construction Sand and Gravel Mining" industry received a total of $395,301,105.00 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 12 employees, 94% lower than Atlas Sand Company LLC's reported 213 employees, and received an average PPP loan of $162,009, 96% lower than this company's loan of $4.41M.

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/atlas-sand-company-llc-austin-tx