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

SBA PPP loan data, payroll data, and salaries for Parks Coffee California, Inc.
TX

Parks Coffee California, Inc.

Entity: Sole Proprietorship

Industry: Mobile Food Services

Location: Carrollton, TX

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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.

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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/parks-coffee-california-inc-carrollton-tx