PPP Loan Data — Frazier 1 Automotive, Conroe, TX
Frazier 1 Automotive is a corporation located at 900 South Frazier Street in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Frazier 1 Automotive in Conroe, TX received a Paycheck Protection Loan of $25,200 through Comerica 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 June, 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, Frazier 1 Automotive's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,160 per employee1
Reported PPP Proceed Usage:
On the PPP application, Frazier 1 Automotive reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Frazier 1 Automotive in Conroe, TX
900 South Frazier Street
Conroe, TX 77301
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Conroe
In the Conroe area, 18 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $66,126 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Discount Brake And Muffler, Inc
Abel Motors Inc
Scott W. Guillote Inc
Teds Engine Machine Service
336 Conroe Automotive
God's Garage, Inc
SD Phillips LLC
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, 17% lower than Frazier 1 Automotive's reported 6 employees, and received an average PPP loan of $41,461, 65% higher than this company's loan of $25,200.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!