PPP Loan Data — Robert Madden Industries, LTD, Lubbock, TX
Robert Madden Industries, LTD
Location: Lubbock, TXTweet This • Search All PPP Data
Robert Madden Industries, LTD is a partnership located at 6021 43rd St in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $2,810,200.00 in April, 2020.
$ PPP Loan Information
Robert Madden Industries, LTD in Lubbock, TX received a Paycheck Protection Loan of $2.81M through CITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Robert Madden Industries, LTD's total 2019 payroll expenses were approximately $13.49M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $58,904 per employee1.
Business Information - Robert Madden Industries, LTD in Lubbock, TX
6021 43rd St
Lubbock, TX 79407
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-19
Industry PPP Comparison Statistics
Nationwide, 1,396 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a total of $430,484,287.00 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 19 employees, 92% lower than Robert Madden Industries, LTD's reported 229 employees, and received an average PPP loan of $308,370, 89% lower than this company's loan of $2.81M.
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Footnotes & Information
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