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PPP Loan Data — Careington International Corporation,
Frisco, TX
Careington International Corporation
Entity: Corporation
Industry: All Other Personal Services
Location: Frisco, TX
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Careington International Corporation is a corporation located at 7400 Gaylord Pkwy in Frisco, Texas that received a Coronavirus-related PPP loan from the SBA of $5,238,062.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
405Loan Approved:
2020-04-13Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONCareington International Corporation received a Paycheck Protection Loan of $5.24M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Careington International Corporation's total 2019 payroll expenses were approximately $25.14M in order to qualify for the PPP loan amount received.
Based on their reported 405 jobs retained, this equals an estimated average yearly compensation of $62,081 per employee1.
Business Information - Careington International Corporation in Frisco, TX
7400 Gaylord Pkwy
Frisco, TX 75034
Business Industry
All Other Personal Services (NAICS code 812990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-03Similar Companies near Frisco
In the Frisco area, 71 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 405) and received an average PPP loan of $114,237 (compared to this company's $5.24M).
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Industry PPP Comparison Statistics
Nationwide, 73,988 businesses in the "All Other Personal Services" industry received a total of $2,458,516,421.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Careington International Corporation's reported 405 employees, and received an average PPP loan of $33,229, 99% lower than this company's loan of $5.24M.
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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