Parks Coffee California, Inc. in Carrollton, TX - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Parks Coffee California, Inc., Carrollton, TX

Parks Coffee California, Inc.

Entity: Sole Proprietorship

Industry: Mobile Food Services

Location: Carrollton, TX

Parks Coffee California, Inc. is a sole proprietorship located at 2629 Dickerson Parkway in Carrollton, Texas that received a Coronavirus-related PPP loan from the SBA of $4,709,900.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 472 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.71M

Jobs Retained:

472

Loan Approved:

2020-04-09

Lender:

COMERICA BANK

Parks Coffee California, Inc. in Carrollton, TX received a Paycheck Protection Loan of $4.71M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Parks Coffee California, Inc.'s total 2019 payroll expenses were approximately $22.61M in order to qualify for the PPP loan amount received.

Based on their reported 472 jobs retained, this equals an estimated average yearly compensation of $47,897 per employee¹.

Because the loan received by Parks Coffee California, 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 - Parks Coffee California, Inc. in Carrollton, TX

Parks Coffee California, Inc.
2629 Dickerson Parkway
Carrollton, TX 75007

Business Industry

Mobile Food Services (NAICS code 722330)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-24

Industry PPP Comparison Statistics

Nationwide, 4,341 businesses in the "Mobile Food Services" industry received a total of $119,221,854.00 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 5 employees, 99% lower than Parks Coffee California, Inc.'s reported 472 employees, and received an average PPP loan of $27,464, 99% lower than this company's loan of $4.71M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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