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PPP Loan Data — Mccoy-Rockford, Inc., Houston, TX

SBA PPP loan data, payroll data, and salaries for Mccoy-Rockford, Inc.
TX

Mccoy-Rockford, Inc.

Entity: Corporation

Industry: Furniture Stores

Location: Houston, TX

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Mccoy-Rockford, Inc. is a corporation located at 6869 Old Katy Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,639,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.64M

Jobs Retained:

208

Loan Approved:

2020-04-04

Lender:

TEXAS FIRST BANK

Mccoy-Rockford, Inc. received a Paycheck Protection Loan of $3.64M through TEXAS FIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mccoy-Rockford, Inc.'s total 2019 payroll expenses were approximately $17.47M in order to qualify for the PPP loan amount received.

Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $83,982 per employee1.

Because the loan received by Mccoy-Rockford, 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 - Mccoy-Rockford, Inc. in Houston, TX

Mccoy-Rockford, Inc.
6869 Old Katy Rd
Houston, TX 77024

Business Industry

Furniture Stores (NAICS code 442110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 6 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 208) and received an average PPP loan of $651,732 (compared to this company's $3.64M).

Industry PPP Comparison Statistics

Nationwide, 10,527 businesses in the "Furniture Stores" industry received a total of $1,068,363,849.00 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 10 employees, 95% lower than Mccoy-Rockford, Inc.'s reported 208 employees, and received an average PPP loan of $101,488, 97% lower than this company's loan of $3.64M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mccoy-rockford-inc-houston-tx