PPP Loan Data — Revere Packaging Holdings LLC, Fort Worth, TX
Revere Packaging Holdings LLC
Entity: Limited Liability Company (LLC)
Location: Fort Worth, TXTweet This • Search All PPP Data
Revere Packaging Holdings LLC is a limited liability company (LLC) located at 640 Taylor St, Ste 2550 in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $1,751,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Revere Packaging Holdings LLC in Fort Worth, TX received a Paycheck Protection Loan of $1.75M through The Huntington National Bank, 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, Revere Packaging Holdings LLC's 2019 payroll expenses are estimated to be at least $8.41M.
Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $48,049 per employee1
Reported PPP Proceed Usage:
On the PPP application, Revere Packaging Holdings LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,751,800
Business Information - Revere Packaging Holdings LLC in Fort Worth, TX
640 Taylor St, Ste 2550
Fort Worth, TX 76102
Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing
NAICS code 326113
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 200 businesses in the "Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing" industry received a total of $79.11M 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 36 employees, 79% lower than Revere Packaging Holdings LLC's reported 175 employees, and received an average PPP loan of $395,530, 77% lower than this company's loan of $1.75M.
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Footnotes & Information
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