PPP Loan Data — Muncaster Capital Of Texas, In, Ennis, TX
Muncaster Capital Of Texas, In
Location: Ennis, TXTweet This • Search All PPP Data
Muncaster Capital Of Texas, In is a corporation located at 3801 South Loop I45 P.o. Box 755 in Ennis, Texas that received a Coronavirus-related PPP loan from the SBA of $2,242,398.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 125 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Ennis State Bank
Muncaster Capital Of Texas, In in Ennis, TX received a Paycheck Protection Loan of $2.24M through Ennis State Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Muncaster Capital Of Texas, In's 2019 payroll expenses are estimated to be at least $10.76M.
Based on their reported 125 jobs retained, this equals an estimated average yearly compensation of $86,108 per employee1
Reported PPP Proceed Usage:
On the PPP application, Muncaster Capital Of Texas, In reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,242,398
Business Information - Muncaster Capital Of Texas, In in Ennis, TX
3801 South Loop I45 P.o. Box 755
Ennis, TX 75119
Asphalt Shingle and Coating Materials Manufacturing
NAICS code 324122
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 220 businesses in the "Asphalt Shingle and Coating Materials Manufacturing" industry received a total of $52.34M 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 18 employees, 86% lower than Muncaster Capital Of Texas, In's reported 125 employees, and received an average PPP loan of $237,887, 89% lower than this company's loan of $2.24M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!