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PPP Loan Data — Platinum Press Inc,
Fort Worth, TX
Platinum Press Inc
Entity: Subchapter S Corporation
Industry: Commercial Printing (except Screen and Books)
Location: Fort Worth, TX
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Platinum Press Inc is a subchapter s corporation located at 4251 Empire Rd. in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $2,791,271.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 243 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
243Loan Approved:
2020-04-12Lender:
TEXAS CAPITAL BANK, NATIONAL ASSOCIATIONPlatinum Press Inc in Fort Worth, TX received a Paycheck Protection Loan of $2.79M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Platinum Press Inc's total 2019 payroll expenses were approximately $13.4M in order to qualify for the PPP loan amount received.
Based on their reported 243 jobs retained, this equals an estimated average yearly compensation of $55,136 per employee1.
Business Information - Platinum Press Inc in Fort Worth, TX
4251 Empire Rd.
Fort Worth, TX 76155
Business Industry
Commercial Printing (except Screen and Books) (NAICS code 323111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: TX-24Industry PPP Comparison Statistics
Nationwide, 13,022 businesses in the "Commercial Printing (except Screen and Books)" industry received a total of $1,940,592,408.00 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 12 employees, 95% lower than Platinum Press Inc's reported 243 employees, and received an average PPP loan of $149,024, 95% lower than this company's loan of $2.79M.
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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