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PPP Loan Data — CC Carlton Industries, LTD, Austin, TX

SBA PPP loan data, payroll data, and salaries for CC Carlton Industries, LTD
TX

CC Carlton Industries, LTD

Entity: Partnership

Industry: Other Heavy and Civil Engineering Construction

Location: Austin, TX

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CC Carlton Industries, LTD is a partnership located at 6207 Fm 2244 Rd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $3,869,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.87M

Jobs Retained:

200

Loan Approved:

2020-04-05

Lender:

FIRST UNITED BANK AND TRUST COMPANY

CC Carlton Industries, LTD received a Paycheck Protection Loan of $3.87M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, CC Carlton Industries, LTD's total 2019 payroll expenses were approximately $18.57M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $92,870 per employee1.

Because the loan received by CC Carlton Industries, LTD 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 - CC Carlton Industries, LTD in Austin, TX

CC Carlton Industries, LTD
6207 Fm 2244 Rd
Austin, TX 78746

Business Industry

Other Heavy and Civil Engineering Construction (NAICS code 237990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-21

Industry PPP Comparison Statistics

Nationwide, 5,686 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $1,754,404,434.00 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 19 employees, 91% lower than CC Carlton Industries, LTD's reported 200 employees, and received an average PPP loan of $308,548, 92% lower than this company's loan of $3.87M.

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.

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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/cc-carlton-industries-ltd-austin-tx