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PPP Loan Data — Ryon Drywall LLC, Ft Worth, TX

SBA PPP loan data, payroll data, and salaries for Ryon Drywall LLC
TX

Ryon Drywall LLC

Entity: Limited Liability Company (LLC)

Industry: Drywall and Insulation Contractors

Location: Ft Worth, TX

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Ryon Drywall LLC is a limited liability company (LLC) located at Po Box 14805 in Ft Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $55,354.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least eight people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$55,354

Jobs Retained:

8

Loan Approved:

2020-04-13

Lender:

VERITEX COMMUNITY BANK

Ryon Drywall LLC received a Paycheck Protection Loan of $55,354 through VERITEX COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ryon Drywall LLC's total 2019 payroll expenses were approximately $265,699 in order to qualify for the PPP loan amount received.

Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $33,212 per employee1.

Business Information - Ryon Drywall LLC in Ft Worth, TX

Ryon Drywall LLC
Po Box 14805
Ft Worth, TX 76117

Business Industry

Drywall and Insulation Contractors (NAICS code 238310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-12

Similar Companies near Ft Worth

In the Ft Worth area, 4 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 8) and received an average PPP loan of $801,973 (compared to this company's $55,354).

Industry PPP Comparison Statistics

Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, 75% higher than Ryon Drywall LLC's reported 8 employees, and received an average PPP loan of $192,711, 248% higher than this company's loan of $55,354.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ryon-drywall-llc-ft-worth-tx