PPP Loan Data — James A. Bray, Madisonville, TX
James A. Bray is a sole proprietorship located in Madisonville, Texas that received a Coronavirus-related PPP loan from the SBA of $1,896,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
James A. Bray in Madisonville, TX received a Paycheck Protection Loan of $1.9M through Prosperity 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 March, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 91. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, James A. Bray reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,896,600
Business Information - James A. Bray in Madisonville, TX
* Full address is redacted to protect the privacy of individuals.
Truck Trailer Manufacturing
NAICS code 336212
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 2,209 businesses in the "Truck Trailer Manufacturing" industry received a total of $283.49M 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 12 employees, 1100% higher than James A. Bray's reported 1 employees, and received an average PPP loan of $128,335, 93% lower than this company's loan of $1.9M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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