PPP Loan Data — Perryton Equity Exchange, Perryton, TX
Perryton Equity Exchange is a cooperative located at 4219 S Main St. in Perryton, Texas that received a Coronavirus-related PPP loan from the SBA of $1,788,103.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Perryton Equity Exchange in Perryton, TX received a Paycheck Protection Loan of $1.79M through FirstBank Southwest, 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, Perryton Equity Exchange's 2019 payroll expenses are estimated to be at least $8.58M.
Based on their reported 148 jobs retained, this equals an estimated average yearly compensation of $57,993 per employee1
Reported PPP Proceed Usage:
On the PPP application, Perryton Equity Exchange reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,341,077
- Utilities: $268,215
- Rent: $178,810
Business Information - Perryton Equity Exchange in Perryton, TX
4219 S Main St.
Perryton, TX 79070
Farm Product Warehousing and Storage
NAICS code 493130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Perryton
In the Perryton area, 2 businesses in the "Farm Product Warehousing and Storage" industry received a PPP loan. These local businesses reported an average of 155 employees (compared to this company's 148) and received an average PPP loan of $1,685,160 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
Perryton Equity Exchange Inc
Industry PPP Comparison Statistics
Nationwide, 774 businesses in the "Farm Product Warehousing and Storage" industry received a total of $151.54M 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 19 employees, 87% lower than Perryton Equity Exchange's reported 148 employees, and received an average PPP loan of $195,786, 89% lower than this company's loan of $1.79M.
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Footnotes & Information
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