PPP Loan Data — Ray Mart Inc, Beaumont, TX
Ray Mart Inc is a corporation located at 7220 Eastex Frwy in Beaumont, Texas that received a Coronavirus-related PPP loan from the SBA of $2,745,540.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 254 people during the applicable loan loan period.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Ray Mart Inc in Beaumont, TX received a Paycheck Protection Loan of $2.75M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ray Mart Inc's total 2019 payroll expenses were approximately $13.18M in order to qualify for the PPP loan amount received.
Based on their reported 254 jobs retained, this equals an estimated average yearly compensation of $51,884 per employee1.
Business Information - Ray Mart Inc in Beaumont, TX
7220 Eastex Frwy
Beaumont, TX 77708
Home Centers (NAICS code 444110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-14
Industry PPP Comparison Statistics
Nationwide, 2,392 businesses in the "Home Centers" industry received a total of $390,606,472.00 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 15 employees, 94% lower than Ray Mart Inc's reported 254 employees, and received an average PPP loan of $163,297, 94% lower than this company's loan of $2.75M.
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Footnotes & Information
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