PPP Loan Data — Industrial Site Services, LLC, Sinton, TX
Industrial Site Services, LLC is a limited liability company (LLC) located at 11510 Hwy 188 East in Sinton, Texas that received a Coronavirus-related PPP loan from the SBA of $1,603,087.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:American Bank, National Association
Industrial Site Services, LLC in Sinton, TX received a Paycheck Protection Loan of $1.6M through American Bank, National Association, which was approved in April, 2020.
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, Industrial Site Services, LLC's 2019 payroll expenses are estimated to be at least $7.69M.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $61,559 per employee1
Reported PPP Proceed Usage:
On the PPP application, Industrial Site Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,603,087
Business Information - Industrial Site Services, LLC in Sinton, TX
11510 Hwy 188 East
Sinton, TX 78387
Other Industrial Machinery Manufacturing
NAICS code 333249
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,568 businesses in the "Other Industrial Machinery Manufacturing" industry received a total of $984.26M 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 22 employees, 82% lower than Industrial Site Services, LLC's reported 125 employees, and received an average PPP loan of $275,857, 83% lower than this company's loan of $1.6M.
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Footnotes & Information
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