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PPP Loan Data — Contractors Building Supply Co LLC, Conroe, TX

SBA PPP loan data, payroll data, and salaries for Contractors Building Supply Co LLC
TX

Contractors Building Supply Co LLC

Entity: Limited Liability Company (LLC)

Industry: Other Building Equipment Contractors

Location: Conroe, TX

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Contractors Building Supply Co LLC is a limited liability company (LLC) located at 610 N Loop 336 W in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $2,655,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.66M

Jobs Retained:

200

Loan Approved:

2020-04-06

Lender:

CADENCE BANK, NATIONAL ASSOCIATION

Contractors Building Supply Co LLC in Conroe, TX received a Paycheck Protection Loan of $2.66M through CADENCE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Contractors Building Supply Co LLC's total 2019 payroll expenses were approximately $12.74M 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 $63,720 per employee1.

Because the loan received by Contractors Building Supply Co LLC 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 - Contractors Building Supply Co LLC in Conroe, TX

Contractors Building Supply Co LLC
610 N Loop 336 W
Conroe, TX 77301

Business Industry

Other Building Equipment Contractors (NAICS code 238290)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-08

Industry PPP Comparison Statistics

Nationwide, 4,721 businesses in the "Other Building Equipment Contractors" industry received a total of $856,112,742.00 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, 94% lower than Contractors Building Supply Co LLC's reported 200 employees, and received an average PPP loan of $181,341, 93% lower than this company's loan of $2.66M.

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/contractors-building-supply-co-llc-conroe-tx