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PPP Loan Data — Platinum Press Inc, Fort Worth, TX

SBA PPP loan data, payroll data, and salaries for Platinum Press Inc
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:

$2.79M

Jobs Retained:

243

Loan Approved:

2020-04-12

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Platinum 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.

Because the loan received by Platinum Press 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 - Platinum Press Inc in Fort Worth, TX

Platinum Press Inc
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-24

Industry 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.

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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/platinum-press-inc-fort-worth-tx