PPP Loan Data — Barron Service Parts Co., Odessa, TX
Barron Service Parts Co.
Location: Odessa, TXTweet This • Search All PPP Data
Barron Service Parts Co. is a corporation located at 409 E 2nd St in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $2,633,200.00 in April, 2020.
$ PPP Loan Information
Barron Service Parts Co. in Odessa, TX received a Paycheck Protection Loan of $2.63M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Barron Service Parts Co.'s total 2019 payroll expenses were approximately $12.64M in order to qualify for the PPP loan amount received.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $51,801 per employee1.
Business Information - Barron Service Parts Co. in Odessa, TX
409 E 2nd St
Odessa, TX 79761
Motor Vehicle Supplies and New Parts Merchant Wholesalers (NAICS code 423120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-11
Similar Companies near Odessa
In the Odessa area, 2 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 244) and received an average PPP loan of $1,337,456 (compared to this company's $2.63M).
Similar Nearby Businesses Who Received PPP Funding:
United Fleet Sales LLC
Industry PPP Comparison Statistics
Nationwide, 4,042 businesses in the "Motor Vehicle Supplies and New Parts Merchant Wholesalers" industry received a total of $644,135,263.00 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 13 employees, 95% lower than Barron Service Parts Co.'s reported 244 employees, and received an average PPP loan of $159,361, 94% lower than this company's loan of $2.63M.
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.
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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