PPP Loan Data — Fasco Fasteners And Supply Company, Houston, TX
Fasco Fasteners And Supply Company is a sole proprietorship located at 5617 Campbell Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $215,662.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Fasco Fasteners And Supply Company received a Paycheck Protection Loan of $215,662 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Fasco Fasteners And Supply Company's total 2019 payroll expenses were approximately $1.04M in order to qualify for the PPP loan amount received.
Based on their reported 15 jobs retained, this equals an estimated average yearly compensation of $69,012 per employee1.
Business Information - Fasco Fasteners And Supply Company in Houston, TX
5617 Campbell Rd
Houston, TX 77041
Industrial Supplies Merchant Wholesalers (NAICS code 423840)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 14 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 15) and received an average PPP loan of $753,715 (compared to this company's $215,662).
Similar Nearby Businesses Who Received PPP Funding:
Mobile Industrial Safety Supplies, Inc
Impero Wine Distributors Texas Inc
Northwest Fastener And Supply, Inc.
Cutting Tools, Inc.
North Harris Spring, LLC
Solstice Equipment LLC
His Company Inc
World Rig Supply DBA
Industry PPP Comparison Statistics
Nationwide, 4,186 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $780,956,963.00 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 13 employees, 13% lower than Fasco Fasteners And Supply Company's reported 15 employees, and received an average PPP loan of $186,564, 13% lower than this company's loan of $215,662.
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.
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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