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PPP Loan Data — PCI Industries, Inc.,
Fort Worth, TX
PCI Industries, Inc.
Entity: Subchapter S Corporation
Industry: Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Location: Fort Worth, TX
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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:
Jobs Retained:
258Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONPCI 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.
Business Information - PCI Industries, Inc. in Fort Worth, TX
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-33Similar 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
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.
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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