PPP Loan Data — San Angelo Propump Inc, San Angelo, TX
San Angelo Propump Inc is a corporation located at 7902 Doss Lane in San Angelo, Texas that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First State Bank
San Angelo Propump Inc in San Angelo, TX received a Paycheck Protection Loan of $46,800 through First State Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
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, San Angelo Propump Inc's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,928 per employee1
Reported PPP Proceed Usage:
On the PPP application, San Angelo Propump Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - San Angelo Propump Inc in San Angelo, TX
7902 Doss Lane
San Angelo, TX 76901
Septic Tank and Related Services
NAICS code 562991
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 3,403 businesses in the "Septic Tank and Related Services" industry received a total of $240.96M 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 8 employees, 60% higher than San Angelo Propump Inc's reported 5 employees, and received an average PPP loan of $70,809, 51% higher than this company's loan of $46,800.
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Footnotes & Information
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