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PPP Loan Data — Puffer-Sweiven LP,
Stafford, TX
Puffer-Sweiven LP
Entity: Partnership
Industry: Fluid Power Valve and Hose Fitting Manufacturing
Location: Stafford, TX
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Puffer-Sweiven LP is a partnership located at 4230 Greenbriar Dr in Stafford, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-27Lender:
FIFTH THIRD BANKPuffer-Sweiven LP in Stafford, TX received a Paycheck Protection Loan of $10M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Puffer-Sweiven LP's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Puffer-Sweiven LP in Stafford, TX
4230 Greenbriar Dr
Stafford, TX 77477
Business Industry
Fluid Power Valve and Hose Fitting Manufacturing (NAICS code 332912)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-09Industry PPP Comparison Statistics
Nationwide, 212 businesses in the "Fluid Power Valve and Hose Fitting Manufacturing" industry received a total of $94,240,603.00 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 30 employees, 94% lower than Puffer-Sweiven LP's reported 500 employees, and received an average PPP loan of $444,531, 96% lower than this company's loan of $10M.
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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