PPP Loan Data — Patriot Security Inc, Nederland, TX
Patriot Security Inc is a corporation located at 1824 Nederland Ave in Nederland, Texas that received a Coronavirus-related PPP loan from the SBA of $2,232,847.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:CommunityBank of Texas, National Association
Patriot Security Inc in Nederland, TX received a Paycheck Protection Loan of $2.23M through CommunityBank of Texas, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Patriot Security Inc's 2019 payroll expenses are estimated to be at least $10.72M.
Based on their reported 149 jobs retained, this equals an estimated average yearly compensation of $71,931 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patriot Security Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,232,847
Business Information - Patriot Security Inc in Nederland, TX
1824 Nederland Ave
Nederland, TX 77627
Security Systems Services (except Locksmiths)
NAICS code 561621
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Nederland
In the Nederland area, 3 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 149) and received an average PPP loan of $780,917 (compared to this company's $2.23M).
Similar Nearby Businesses Who Received PPP Funding:
Beacon Security Solutions LLC
Dillow Enterprises, LLC
Industry PPP Comparison Statistics
Nationwide, 9,089 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $1.11B 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, 92% lower than Patriot Security Inc's reported 149 employees, and received an average PPP loan of $122,118, 95% lower than this company's loan of $2.23M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!