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PPP Loan Data — Iron Horse Safety Specialties, LP, Garland, TX

SBA PPP loan data, payroll data, and salaries for Iron Horse Safety Specialties, LP
TX

Iron Horse Safety Specialties, LP

Entity: Partnership

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Garland, TX

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Iron Horse Safety Specialties, LP is a partnership located at 300 S. Kirby St., #102 in Garland, Texas that received a Coronavirus-related PPP loan from the SBA of $149,809.00 in August, 2020.

The company has reported itself as a female owned business, and employed at least 29 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$149,809

Jobs Retained:

29

Loan Approved:

2020-08-06

Lender:

CENTRAL BANK

Iron Horse Safety Specialties, LP received a Paycheck Protection Loan of $149,809 through CENTRAL BANK, which was approved in August, 2020.

Based on standard PPP eligibility rules, Iron Horse Safety Specialties, LP's total 2019 payroll expenses were approximately $719,083 in order to qualify for the PPP loan amount received.

Based on their reported 29 jobs retained, this equals an estimated average yearly compensation of $24,796 per employee1.

Business Information - Iron Horse Safety Specialties, LP in Garland, TX

Iron Horse Safety Specialties, LP
300 S. Kirby St., #102
Garland, TX 75042

Business Industry

Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: TX-05

Similar Companies near Garland

In the Garland area, 5 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 29) and received an average PPP loan of $675,713 (compared to this company's $149,809).

Industry PPP Comparison Statistics

Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 48% lower than Iron Horse Safety Specialties, LP's reported 29 employees, and received an average PPP loan of $234,110, 56% higher than this company's loan of $149,809.

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. 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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/iron-horse-safety-specialties-lp-garland-tx