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PPP Loan Data — SMC Holding Company LLC, Fort Worth, TX

SBA PPP loan data, payroll data, and salaries for SMC Holding Company LLC
TX

SMC Holding Company LLC

Entity: Limited Liability Company (LLC)

Industry: Meat Processed from Carcasses

Location: Fort Worth, TX

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SMC Holding Company LLC is a limited liability company (LLC) located at 600 E Exchange Ave in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $8,511,237.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.51M

Jobs Retained:

500

Loan Approved:

2020-04-07

Lender:

BBVA USA

SMC Holding Company LLC in Fort Worth, TX received a Paycheck Protection Loan of $8.51M through BBVA USA, which was approved in April, 2020.

Based on standard PPP eligibility rules, SMC Holding Company LLC's total 2019 payroll expenses were approximately $40.85M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $81,708 per employee1.

Because the loan received by SMC Holding Company LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - SMC Holding Company LLC in Fort Worth, TX

SMC Holding Company LLC
600 E Exchange Ave
Fort Worth, TX 76164

Business Industry

Meat Processed from Carcasses (NAICS code 311612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-33

Industry PPP Comparison Statistics

Nationwide, 867 businesses in the "Meat Processed from Carcasses" industry received a total of $314,630,695.00 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 35 employees, 93% lower than SMC Holding Company LLC's reported 500 employees, and received an average PPP loan of $362,896, 96% lower than this company's loan of $8.51M.

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, and is published unmodified, as provided by the SBA.

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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/smc-holding-company-llc-fort-worth-tx