PPP Loan Data — JSW Stell USA Inc, Baytown, TX
JSW Stell USA Inc is a corporation located at 5200 E Mckinney Rd. in Baytown, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in June, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
JSW Stell USA Inc in Baytown, TX received a Paycheck Protection Loan of $10M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in June, 2020.
Based on standard PPP eligibility rules, JSW Stell USA Inc's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - JSW Stell USA Inc in Baytown, TX
5200 E Mckinney Rd.
Baytown, TX 77523
Iron and Steel Mills and Ferroalloy Manufacturing (NAICS code 331110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-36
Industry PPP Comparison Statistics
Nationwide, 712 businesses in the "Iron and Steel Mills and Ferroalloy Manufacturing" industry received a total of $239,381,219.00 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 23 employees, 95% lower than JSW Stell USA Inc's reported 500 employees, and received an average PPP loan of $336,210, 97% lower than this company's loan of $10M.
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Footnotes & Information
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