PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — J Lee Milligan Inc, Amarillo, TX

SBA PPP loan data, payroll data, and salaries for J Lee Milligan Inc
TX

J Lee Milligan Inc

Entity: Subchapter S Corporation

Industry: Asphalt Paving Mixture and Block Manufacturing

Location: Amarillo, TX

Search All PPP Data

J Lee Milligan Inc is a subchapter s corporation located at 9200 Triangle Drive in Amarillo, Texas that received a Coronavirus-related PPP loan from the SBA of $3,083,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.08M

Jobs Retained:

277

Loan Approved:

2020-04-09

Lender:

FIRST STATE BANK

J Lee Milligan Inc in Amarillo, TX received a Paycheck Protection Loan of $3.08M through FIRST STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, J Lee Milligan Inc's total 2019 payroll expenses were approximately $14.8M in order to qualify for the PPP loan amount received.

Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $53,424 per employee1.

Because the loan received by J Lee Milligan Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - J Lee Milligan Inc in Amarillo, TX

J Lee Milligan Inc
9200 Triangle Drive
Amarillo, TX 79108

Business Industry

Asphalt Paving Mixture and Block Manufacturing (NAICS code 324121)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-13

Similar Companies near Amarillo

In the Amarillo area, 2 businesses in the "Asphalt Paving Mixture and Block Manufacturing" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 277) and received an average PPP loan of $1,549,100 (compared to this company's $3.08M).

Similar Nearby Businesses Who Received PPP Funding:

Elite Striping And Pavement Maintenance LLC
Amarillo, TX

$15,200 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,147 businesses in the "Asphalt Paving Mixture and Block Manufacturing" industry received a total of $286,637,689.00 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 17 employees, 94% lower than J Lee Milligan Inc's reported 277 employees, and received an average PPP loan of $249,902, 92% lower than this company's loan of $3.08M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/j-lee-milligan-inc-amarillo-tx