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PPP Loan Data — Northwest Fastener And Supply Inc,
Houston, TX
Northwest Fastener And Supply Inc
Entity: Corporation
Industry: Hardware Merchant Wholesalers
Location: Houston, TX
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Northwest Fastener And Supply Inc is a corporation located at 11320 Fm 529 Rd Ste F in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $99,192.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least eleven people during the applicable loan loan period.
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PPP Loan Information
Loan #4126518506
Loan Size:
Jobs Retained:
11Loan Approved:
2021-02-25Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationNorthwest Fastener And Supply Inc in Houston, TX received a Paycheck Protection Loan of $99,192 through JPMorgan Chase Bank, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Northwest Fastener And Supply Inc's 2019 payroll expenses are estimated to be at least $476,122.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $43,284 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northwest Fastener And Supply Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $99,190
- Utilities: $1
Business Information - Northwest Fastener And Supply Inc in Houston, TX
11320 Fm 529 Rd Ste F
Houston, TX 77041
Business Industry:
Hardware Merchant Wholesalers
NAICS code 423710
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 9 businesses in the "Hardware Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 11) and received an average PPP loan of $86,017 (compared to this company's $99,192).
Similar Nearby Businesses Who Received PPP Funding:
U-Bolt-It, Inc
Houston, TX
Fast Master Inc
Houston, TX
Miller Mays And Associates, LLC
Houston, TX
Goebel Fasteners, Inc
Houston, TX
UTS Corporation
Houston, TX
Auge Industrial Fasteners
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 2,835 businesses in the "Hardware Merchant Wholesalers" industry received a total of $507.61M 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 16 employees, 45% higher than Northwest Fastener And Supply Inc's reported 11 employees, and received an average PPP loan of $179,052, 81% higher than this company's loan of $99,192.
Northwest Fastener And Supply, Inc
Entity: Corporation
Industry: Industrial Supplies Merchant Wholesalers
Location: Houston, TX
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Northwest Fastener And Supply, Inc is a corporation located at 11320 Fm 529 Bldg F in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $149,242.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least thirteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #1781667708
Loan Size:
Jobs Retained:
13Loan Approved:
2020-05-01Loan Status:
Ongoing LoanLender:
JPMorgan Chase Bank, National AssociationNorthwest Fastener And Supply, Inc in Houston, TX received a Paycheck Protection Loan of $149,242 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Northwest Fastener And Supply, Inc's 2019 payroll expenses are estimated to be at least $716,362.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $55,105 per employee1
Reported PPP Proceed Usage:
On the PPP application, Northwest Fastener And Supply, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $115,542
- Utilities: $2,700
- Rent: $22,000
- Health Care: $9,000
Business Information - Northwest Fastener And Supply, Inc in Houston, TX
11320 Fm 529 Bldg F
Houston, TX 77041
Business Industry:
Industrial Supplies Merchant Wholesalers
NAICS code 423840
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 23 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 13) and received an average PPP loan of $550,303 (compared to this company's $149,242).
Similar Nearby Businesses Who Received PPP Funding:
His Company Inc
Houston, TX
Mobile Industrial Safety Supplies, Inc
Houston, TX
Innovative Tooling & Accessories, Inc
Houston, TX
Hawk Valve Inc
Houston, TX
Unilight Industrial Inc
Houston, TX
Anix Valve Inc
Houston, TX
Solstice Equipment LLC
Houston, TX
Impero Wine Distributors Texas Inc
Houston, TX
Groves Supply Corporation
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 6,027 businesses in the "Industrial Supplies Merchant Wholesalers" industry received a total of $1.01B 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 14 employees, 8% higher than Northwest Fastener And Supply, Inc's reported 13 employees, and received an average PPP loan of $167,099, 12% higher than this company's loan of $149,242.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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