PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Paisley Farms Candle Company, Caddo Mills, TX

ALERT: There are 2 PPP loans for a total of $52,523 in our database for businesses with the name "Paisley Farms Candle Company" in Caddo Mills, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Paisley Farms Candle Company
TX

Paisley Farms Candle Company

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Manufacturing

Location: Caddo Mills, TX

Search All PPP Data

Paisley Farms Candle Company is a sole proprietorship located at 1470 County Road 2712 in Caddo Mills, Texas that received a Coronavirus-related PPP loan from the SBA of $27,422.00 in January, 2021.

The company has reported itself as a White female owned business, and employed at least eight people during the applicable loan loan period.

$ PPP Loan Information
Loan #2282588301

Loan Size:

$27,422

Jobs Retained:

8

Loan Approved:

2021-01-20

Loan Status:

Ongoing Loan

Lender:

First Bank of the Lake

Paisley Farms Candle Company in Caddo Mills, TX received a Paycheck Protection Loan of $27,422 through First Bank of the Lake, which was approved in January, 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 More
Understanding 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 More

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, Paisley Farms Candle Company's 2019 payroll expenses are estimated to be at least $131,626.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $16,453 per employee1

Reported PPP Proceed Usage:

On the PPP application, Paisley Farms Candle Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $27,420
  • Utilities: $1

Business Information - Paisley Farms Candle Company in Caddo Mills, TX

Paisley Farms Candle Company
1470 County Road 2712
Caddo Mills, TX 75135

Business Industry:
All Other Miscellaneous Manufacturing
NAICS code 339999

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Hunt County, TX — SBA Office 0610 — Congressional District: TX-04

Similar Companies near Caddo Mills

In the Caddo Mills area, 7 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 8) and received an average PPP loan of $25,624 (compared to this company's $27,422).

Industry PPP Comparison Statistics

Nationwide, 17,359 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.06B 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 12 employees, 50% higher than Paisley Farms Candle Company's reported 8 employees, and received an average PPP loan of $118,586, 332% higher than this company's loan of $27,422.

SBA PPP loan data, payroll data, and salaries for Paisley Farms Candle Company
TX

Paisley Farms Candle Company

Entity: Sole Proprietorship

Industry: All Other Miscellaneous Manufacturing

Location: Caddo Mills, TX

Search All PPP Data

Paisley Farms Candle Company is a sole proprietorship located at 1470 County Road 2712 in Caddo Mills, Texas that received a Coronavirus-related PPP loan from the SBA of $25,101.00 in June, 2020.

The company has reported itself as a White female owned business, and employed at least ten people during the applicable loan loan period.

$ PPP Loan Information
Loan #3775988001

Loan Size:

$25,101

Jobs Retained:

10

Loan Approved:

2020-06-25

Loan Status:

Ongoing Loan

Lender:

Loan Source Incorporated

Paisley Farms Candle Company in Caddo Mills, TX received a Paycheck Protection Loan of $25,101 through Loan Source Incorporated, which was approved in June, 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 More
Understanding 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 More

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, Paisley Farms Candle Company's 2019 payroll expenses are estimated to be at least $120,485.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $12,049 per employee1

Reported PPP Proceed Usage:

On the PPP application, Paisley Farms Candle Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,101

Business Information - Paisley Farms Candle Company in Caddo Mills, TX

Paisley Farms Candle Company
1470 County Road 2712
Caddo Mills, TX 75135

Business Industry:
All Other Miscellaneous Manufacturing
NAICS code 339999

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Hunt County, TX — SBA Office 0610 — Congressional District: TX-04

Similar Companies near Caddo Mills

In the Caddo Mills area, 7 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 10) and received an average PPP loan of $25,624 (compared to this company's $25,101).

Industry PPP Comparison Statistics

Nationwide, 17,359 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $2.06B 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 12 employees, 20% higher than Paisley Farms Candle Company's reported 10 employees, and received an average PPP loan of $118,586, 372% higher than this company's loan of $25,101.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/paisley-farms-candle-company-caddo-mills-tx