PPP Loan Data — Dunagin Transport Company LLC, Merkel, TX
Dunagin Transport Company LLC is a limited liability company (LLC) located at 10179 I-20 in Merkel, Texas that received a Coronavirus-related PPP loan from the SBA of $1,609,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 95 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First National Bank Albany/Breckenridge
Dunagin Transport Company LLC in Merkel, TX received a Paycheck Protection Loan of $1.61M through First National Bank Albany/Breckenridge, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Dunagin Transport Company LLC's 2019 payroll expenses are estimated to be at least $7.73M.
Based on their reported 95 jobs retained, this equals an estimated average yearly compensation of $81,327 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dunagin Transport Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,609,600
Business Information - Dunagin Transport Company LLC in Merkel, TX
Merkel, TX 79536
Drilling Oil and Gas Wells
NAICS code 213111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Merkel
In the Merkel area, 4 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 95) and received an average PPP loan of $415,750 (compared to this company's $1.61M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 5,486 businesses in the "Drilling Oil and Gas Wells" industry received a total of $748.62M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 91% lower than Dunagin Transport Company LLC's reported 95 employees, and received an average PPP loan of $136,461, 92% lower than this company's loan of $1.61M.
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Footnotes & Information
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