PPP Loan Data — Jen-Tex Delis Inc., Beaumont, TX
Jen-Tex Delis Inc. is a corporation located at 350 Pine St Ste 270 in Beaumont, Texas that received a Coronavirus-related PPP loan from the SBA of $3,366,800.00 in April, 2020.
$ PPP Loan Information
Lender:THIRD COAST BANK SSB
Jen-Tex Delis Inc. received a Paycheck Protection Loan of $3.37M through THIRD COAST BANK SSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jen-Tex Delis Inc.'s total 2019 payroll expenses were approximately $16.16M in order to qualify for the PPP loan amount received.
Based on their reported 273 jobs retained, this equals an estimated average yearly compensation of $59,196 per employee1.
Business Information - Jen-Tex Delis Inc. in Beaumont, TX
350 Pine St Ste 270
Beaumont, TX 77701
Full-Service Restaurants (NAICS code 722511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-14
Similar Companies near Beaumont
In the Beaumont area, 9 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 273) and received an average PPP loan of $438,873 (compared to this company's $3.37M).
Similar Nearby Businesses Who Received PPP Funding:
Salad Soulmates, Inc.
This Fit Fuel, LLC
Brothers Seafood & More Inc.
Tacos La Bamba LLC
Elenas Mexican Restaurant Inc
Industry PPP Comparison Statistics
Nationwide, 175,054 businesses in the "Full-Service Restaurants" industry received a total of $20,426,260,320.00 in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 4% of the total PPP funding allocated.
PPP recipients in this industry report an average of 20 employees, 93% lower than Jen-Tex Delis Inc.'s reported 273 employees, and received an average PPP loan of $116,685, 97% lower than this company's loan of $3.37M.
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