PPP Loan Data — Careington International Corporation, Frisco, TX
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
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Careington 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
All Other Personal Services (NAICS code 812990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-03
Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Abei Energy & Infrastructure, LLC
Elvis Avila DBA Elvis Avila
Starwood Med Spa LLC
Stratton Amenities, LLC
The Posh Peepers LLC
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.
Have FederalPay.org's open data tools been valuable? Consider donating!