PPP Loan Data — Harris Packaging Corporation, Inc, Haltom City, TX
Harris Packaging Corporation, Inc is a corporation located at 1600 Carson St in Haltom City, Texas that received a Coronavirus-related PPP loan from the SBA of $1,822,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Harris Packaging Corporation, Inc in Haltom City, TX received a Paycheck Protection Loan of $1.82M through Pinnacle 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 April, 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, Harris Packaging Corporation, Inc's 2019 payroll expenses are estimated to be at least $8.75M.
Based on their reported 147 jobs retained, this equals an estimated average yearly compensation of $59,504 per employee1
Reported PPP Proceed Usage:
On the PPP application, Harris Packaging Corporation, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,822,300
Business Information - Harris Packaging Corporation, Inc in Haltom City, TX
1600 Carson St
Haltom City, TX 76117
Other Metal Container Manufacturing
NAICS code 332439
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Haltom City
In the Haltom City area, 2 businesses in the "Other Metal Container Manufacturing" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 147) and received an average PPP loan of $948,650 (compared to this company's $1.82M).
Similar Nearby Businesses Who Received PPP Funding:
Clear Kut Engraving Inc
Fort Worth, TX
Industry PPP Comparison Statistics
Nationwide, 492 businesses in the "Other Metal Container Manufacturing" industry received a total of $137.98M 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 27 employees, 82% lower than Harris Packaging Corporation, Inc's reported 147 employees, and received an average PPP loan of $280,448, 85% lower than this company's loan of $1.82M.
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Footnotes & Information
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