PPP Loan Data — Rogers Ford Sales Inc, Midland, TX
Rogers Ford Sales Inc is a corporation located at 4200 W Wall St in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $2,595,600.00 in April, 2020.
$ PPP Loan Information
Rogers Ford Sales Inc in Midland, TX received a Paycheck Protection Loan of $2.6M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Rogers Ford Sales Inc's total 2019 payroll expenses were approximately $12.46M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $64,221 per employee1.
Business Information - Rogers Ford Sales Inc in Midland, TX
4200 W Wall St
Midland, TX 79703
Automobile Manufacturing (NAICS code 336111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-11
Industry PPP Comparison Statistics
Nationwide, 372 businesses in the "Automobile Manufacturing" industry received a total of $165,660,729.00 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 31 employees, 84% lower than Rogers Ford Sales Inc's reported 194 employees, and received an average PPP loan of $445,325, 83% lower than this company's loan of $2.6M.
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Footnotes & Information
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