PPP Loan Data — South Plains Implement, LTD, Seminole, TX
South Plains Implement, LTD
Location: Seminole, TXTweet This • Search All PPP Data
South Plains Implement, LTD is a partnership located at 204 Us Highway 385 in Seminole, Texas that received a Coronavirus-related PPP loan from the SBA of $4,481,000.00 in April, 2020.
$ PPP Loan Information
Lender:LONE STAR STATE BANK OF WEST TEXAS
South Plains Implement, LTD received a Paycheck Protection Loan of $4.48M through LONE STAR STATE BANK OF WEST TEXAS, which was approved in April, 2020.
Based on standard PPP eligibility rules, South Plains Implement, LTD's total 2019 payroll expenses were approximately $21.51M in order to qualify for the PPP loan amount received.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $77,930 per employee1.
Business Information - South Plains Implement, LTD in Seminole, TX
204 Us Highway 385
Seminole, TX 79360
Farm and Garden Machinery and Equipment Merchant Wholesalers (NAICS code 423820)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-19
Industry PPP Comparison Statistics
Nationwide, 2,270 businesses in the "Farm and Garden Machinery and Equipment Merchant Wholesalers" industry received a total of $573,983,487.00 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 19 employees, 93% lower than South Plains Implement, LTD's reported 276 employees, and received an average PPP loan of $252,856, 94% lower than this company's loan of $4.48M.
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Footnotes & Information
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