PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Engineered Filtration Inc, San Marcos, TX

ALERT: There are 2 PPP loans for a total of $137,525 in our database for businesses with the name "Engineered Filtration Inc" in San Marcos, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Engineered Filtration Inc
TX

Engineered Filtration Inc

Entity: Corporation

Industry: Other Miscellaneous Durable Goods Merchant Wholesalers

Location: San Marcos, TX

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Engineered Filtration Inc is a corporation located at 1900 in San Marcos, Texas that received a Coronavirus-related PPP loan from the SBA of $75,325.00 in January, 2021.

$ PPP Loan Information
Loan #4946558306

Loan Size:

$75,325

Jobs Retained:

5

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Engineered Filtration Inc in San Marcos, TX received a Paycheck Protection Loan of $75,325 through Itria Ventures LLC, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Engineered Filtration Inc's 2019 payroll expenses are estimated to be at least $361,560.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $72,312 per employee1

Reported PPP Proceed Usage:

On the PPP application, Engineered Filtration Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $75,324

Business Information - Engineered Filtration Inc in San Marcos, TX

Engineered Filtration Inc
1900
San Marcos, TX 78666

Business Industry:
Other Miscellaneous Durable Goods Merchant Wholesalers
NAICS code 423990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Rural

Hays County, TX — SBA Office 0681 — Congressional District: TX-25

Similar Companies near San Marcos

In the San Marcos area, 6 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $40,009 (compared to this company's $75,325).

Industry PPP Comparison Statistics

Nationwide, 26,568 businesses in the "Other Miscellaneous Durable Goods Merchant Wholesalers" industry received a total of $1.98B 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 7 employees, 40% higher than Engineered Filtration Inc's reported 5 employees, and received an average PPP loan of $74,615, 1% lower than this company's loan of $75,325.

SBA PPP loan data, payroll data, and salaries for Engineered Filtration, Inc
TX

Engineered Filtration, Inc

Entity: Corporation

Industry: Industrial Supplies Merchant Wholesalers

Location: San Marcos, TX

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Engineered Filtration, Inc is a corporation located at Dutton Dr in San Marcos, Texas that received a Coronavirus-related PPP loan from the SBA of $62,200.00 in April, 2020.

$ PPP Loan Information
Loan #4264847306

Loan Size:

$62,200

Jobs Retained:

5

Loan Approved:

2020-04-29

Loan Status:

Paid in Full or Forgiven

Lender:

Sage Capital Bank

Engineered Filtration, Inc in San Marcos, TX received a Paycheck Protection Loan of $62,200 through Sage Capital Bank, 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Engineered Filtration, Inc's 2019 payroll expenses are estimated to be at least $298,560.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $59,712 per employee1

Reported PPP Proceed Usage:

On the PPP application, Engineered Filtration, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $62,200

Business Information - Engineered Filtration, Inc in San Marcos, TX

Engineered Filtration, Inc
Dutton Dr
San Marcos, TX 78666

Business Industry:
Industrial Supplies Merchant Wholesalers
NAICS code 423840

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Hays County, TX — SBA Office 0681 — Congressional District: TX-35

Similar Companies near San Marcos

In the San Marcos area, 3 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $31,100 (compared to this company's $62,200).

Industry PPP Comparison Statistics

Nationwide, 6,397 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $1.02B 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 13 employees, 160% higher than Engineered Filtration, Inc's reported 5 employees, and received an average PPP loan of $160,215, 158% higher than this company's loan of $62,200.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/engineered-filtration-inc-san-marcos-tx