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PPP Loan Data — Garrich Industries LTD, Garden Ridge, TX

SBA PPP loan data, payroll data, and salaries for Garrich Industries LTD

Garrich Industries LTD

Entity: Limited Liability Partnership

Industry: Site Preparation Contractors

Location: Garden Ridge, TX

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Garrich Industries LTD is a limited liability partnership located at 19080 Nacogdoches Loop in Garden Ridge, Texas that received a Coronavirus-related PPP loan from the SBA of $417,458.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 30 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1553698700

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Active Un-Disbursed


Broadway National Bank
PPP Funds Undisbursed

Garrich Industries LTD in Garden Ridge, TX received a Paycheck Protection Loan of $417,458 through Broadway National Bank, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $417,458 in approved PPP funding has not been disbursed. 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

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, Garrich Industries LTD's 2019 payroll expenses are estimated to be at least $2M.

Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $66,793 per employee1

Reported PPP Proceed Usage:

On the PPP application, Garrich Industries LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $417,458

Business Information - Garrich Industries LTD in Garden Ridge, TX

Garrich Industries LTD
19080 Nacogdoches Loop
Garden Ridge, TX 78266

Business Industry:
Site Preparation Contractors
NAICS code 238910

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Comal County, TX — SBA Office 0681 — Congressional District: TX-21

Similar Companies near Garden Ridge

In the Garden Ridge area, 4 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 95 employees (compared to this company's 30) and received an average PPP loan of $909,090 (compared to this company's $417,458).

Industry PPP Comparison Statistics

Nationwide, 27,897 businesses in the "Site Preparation Contractors" industry received a total of $4.16B 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, 57% lower than Garrich Industries LTD's reported 30 employees, and received an average PPP loan of $149,214, 64% lower than this company's loan of $417,458.

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.

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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 - The Civil Employee's Resource **