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PPP Loan Data — Paisano Service & Supply Inc., Cuero, TX

SBA PPP loan data, payroll data, and salaries for Paisano Service & Supply Inc.
TX

Paisano Service & Supply Inc.

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Cuero, TX

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Paisano Service & Supply Inc. is a corporation located at 751 Us Highway 183 in Cuero, Texas that received a Coronavirus-related PPP loan from the SBA of $3,904,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.9M

Jobs Retained:

220

Loan Approved:

2020-04-04

Lender:

FIRST COMMUNITY BANK

Paisano Service & Supply Inc. received a Paycheck Protection Loan of $3.9M through FIRST COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Paisano Service & Supply Inc.'s total 2019 payroll expenses were approximately $18.74M in order to qualify for the PPP loan amount received.

Based on their reported 220 jobs retained, this equals an estimated average yearly compensation of $85,185 per employee1.

Because the loan received by Paisano Service & Supply 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 - Paisano Service & Supply Inc. in Cuero, TX

Paisano Service & Supply Inc.
751 Us Highway 183
Cuero, TX 77954

Business Industry

Support Activities for Oil and Gas Operations (NAICS code 213112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-34

Similar Companies near Cuero

In the Cuero area, 9 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 220) and received an average PPP loan of $611,965 (compared to this company's $3.9M).

Industry PPP Comparison Statistics

Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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 13 employees, 94% lower than Paisano Service & Supply Inc.'s reported 220 employees, and received an average PPP loan of $215,222, 94% lower than this company's loan of $3.9M.

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/paisano-service-and-supply-inc-cuero-tx