PPP Loan Data — Smart Chemical Solutions LLC, Amarillo, TX
Smart Chemical Solutions LLC is a limited liability company (LLC) located at 905 S Polk in Amarillo, Texas that received a Coronavirus-related PPP loan from the SBA of $3,794,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 209 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST UNITED BANK
Smart Chemical Solutions LLC received a Paycheck Protection Loan of $3.79M through FIRST UNITED BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smart Chemical Solutions LLC's total 2019 payroll expenses were approximately $18.21M in order to qualify for the PPP loan amount received.
Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $87,146 per employee1.
Business Information - Smart Chemical Solutions LLC in Amarillo, TX
905 S Polk
Amarillo, TX 79101
Other Chemical and Fertilizer Mineral Mining (NAICS code 212393)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-13
Industry PPP Comparison Statistics
Nationwide, 60 businesses in the "Other Chemical and Fertilizer Mineral Mining" industry received a total of $41,400,083.00 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 37 employees, 82% lower than Smart Chemical Solutions LLC's reported 209 employees, and received an average PPP loan of $690,001, 82% lower than this company's loan of $3.79M.
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Footnotes & Information
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