PPP Loan Data — Big D Tractor Company LLC, Donna, TX
Big D Tractor Company LLC
Entity: Limited Liability Company (LLC)
Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
Location: Donna, TXTweet This • Search All PPP Data
Big D Tractor Company LLC is a limited liability company (LLC) located at 2300 E Expressway 83 in Donna, Texas that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Lone Star National Bank
Big D Tractor Company LLC in Donna, TX received a Paycheck Protection Loan of $45,900 through Lone Star National Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Big D Tractor Company LLC's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Big D Tractor Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,894
- Utilities: $1
Business Information - Big D Tractor Company LLC in Donna, TX
2300 E Expressway 83
Donna, TX 78537
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Donna
In the Donna area, 2 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $41,600 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Big D. Tractor CoLLC DBA: Frontera Equipment Bluecat Rental
Industry PPP Comparison Statistics
Nationwide, 22,310 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.27B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 50% higher than Big D Tractor Company LLC's reported 6 employees, and received an average PPP loan of $101,583, 121% higher than this company's loan of $45,900.
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