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PPP Loan Data — PCI Industries, Inc., Fort Worth, TX

SBA PPP loan data, payroll data, and salaries for PCI Industries, Inc.
TX

PCI Industries, Inc. is a subchapter s corporation located at 5101 Blue Mound Rd. in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $3,662,287.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.66M

Jobs Retained:

258

Loan Approved:

2020-04-10

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

PCI Industries, Inc. in Fort Worth, TX received a Paycheck Protection Loan of $3.66M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, PCI Industries, Inc.'s total 2019 payroll expenses were approximately $17.58M in order to qualify for the PPP loan amount received.

Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $68,136 per employee1.

Because the loan received by PCI Industries, 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 - PCI Industries, Inc. in Fort Worth, TX

PCI Industries, Inc.
5101 Blue Mound Rd.
Fort Worth, TX 76106

Business Industry

Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing (NAICS code 333415)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-33

Similar Companies near Fort Worth

In the Fort Worth area, 2 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 236 employees (compared to this company's 258) and received an average PPP loan of $2,651,431 (compared to this company's $3.66M).

Similar Nearby Businesses Who Received PPP Funding:

Mortex Products, Inc.
Fort Worth, TX

$1.64M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,371 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a total of $368,409,539.00 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 20 employees, 92% lower than PCI Industries, Inc.'s reported 258 employees, and received an average PPP loan of $268,716, 93% lower than this company's loan of $3.66M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/pci-industries-inc-fort-worth-tx