PPP Loan Data — J Lee Milligan Inc, Amarillo, TX
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
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.
Business Information - J Lee Milligan Inc in Amarillo, TX
9200 Triangle Drive
Amarillo, TX 79108
Asphalt Paving Mixture and Block Manufacturing (NAICS code 324121)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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
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.
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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