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PPP Loan Data — Brazos Urethane, Inc., Texas City, TX

SBA PPP loan data, payroll data, and salaries for Brazos Urethane, Inc.
TX

Brazos Urethane, Inc.

Entity: Corporation

Industry: Roofing Contractors

Location: Texas City, TX

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Brazos Urethane, Inc. is a corporation located at 1031 6th St in Texas City, Texas that received a Coronavirus-related PPP loan from the SBA of $2,437,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.44M

Jobs Retained:

150

Loan Approved:

2020-04-13

Lender:

TRUSTMARK NATIONAL BANK

Brazos Urethane, Inc. in Texas City, TX received a Paycheck Protection Loan of $2.44M through TRUSTMARK NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Brazos Urethane, Inc.'s total 2019 payroll expenses were approximately $11.7M in order to qualify for the PPP loan amount received.

Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $77,984 per employee1.

Because the loan received by Brazos Urethane, Inc. 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 - Brazos Urethane, Inc. in Texas City, TX

Brazos Urethane, Inc.
1031 6th St
Texas City, TX 77590

Business Industry

Roofing Contractors (NAICS code 238160)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-14

Similar Companies near Texas City

In the Texas City area, 2 businesses in the "Roofing Contractors" industry received a PPP loan. These local businesses reported an average of 76 employees (compared to this company's 150) and received an average PPP loan of $1,228,917 (compared to this company's $2.44M).

Similar Nearby Businesses Who Received PPP Funding:

Able Roofing & Construction Company
Texas City, TX

$20,833 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 13,327 businesses in the "Roofing Contractors" industry received a total of $1,896,438,811.00 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, 92% lower than Brazos Urethane, Inc.'s reported 150 employees, and received an average PPP loan of $142,301, 94% lower than this company's loan of $2.44M.

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/brazos-urethane-inc-texas-city-tx