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PPP Loan Data — Mother Parker's Tea & Coffee-USA LTD, Fort Worth, TX

SBA PPP loan data, payroll data, and salaries for Mother Parker's Tea & Coffee-USA LTD
TX

Mother Parker's Tea & Coffee-USA LTD

Entity: Partnership

Industry: Other Grocery and Related Products Merchant Wholesalers

Location: Fort Worth, TX

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Mother Parker's Tea & Coffee-USA LTD is a partnership located at 7800 Will Rogers Blvd in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $3,055,680.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.06M

Jobs Retained:

206

Loan Approved:

2020-04-28

Lender:

BANK OF AMERICA, NATIONAL ASSOCIATION

Mother Parker's Tea & Coffee-USA LTD received a Paycheck Protection Loan of $3.06M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mother Parker's Tea & Coffee-USA LTD's total 2019 payroll expenses were approximately $14.67M in order to qualify for the PPP loan amount received.

Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $71,200 per employee1.

Because the loan received by Mother Parker's Tea & Coffee-USA LTD 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 - Mother Parker's Tea & Coffee-USA LTD in Fort Worth, TX

Mother Parker's Tea & Coffee-USA LTD
7800 Will Rogers Blvd
Fort Worth, TX 76140

Business Industry

Other Grocery and Related Products Merchant Wholesalers (NAICS code 424490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-33

Industry PPP Comparison Statistics

Nationwide, 4,557 businesses in the "Other Grocery and Related Products Merchant Wholesalers" industry received a total of $667,706,204.00 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 14 employees, 93% lower than Mother Parker's Tea & Coffee-USA LTD's reported 206 employees, and received an average PPP loan of $146,523, 95% lower than this company's loan of $3.06M.

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.

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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/mother-parkers-tea-and-coffee-usa-ltd-fort-worth-tx