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PPP Loan Data — Standard Supply & Distributing Co Inc, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Standard Supply & Distributing Co Inc
TX

Standard Supply & Distributing Co Inc

Entity: Corporation

Industry: Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers

Location: Dallas, TX

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Standard Supply & Distributing Co Inc is a corporation located at 1431 Regal Row in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $2,980,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 281 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.98M

Jobs Retained:

281

Loan Approved:

2020-04-08

Lender:

PLAINSCAPITAL BANK

Standard Supply & Distributing Co Inc in Dallas, TX received a Paycheck Protection Loan of $2.98M through PLAINSCAPITAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Standard Supply & Distributing Co Inc's total 2019 payroll expenses were approximately $14.31M in order to qualify for the PPP loan amount received.

Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $50,918 per employee1.

Because the loan received by Standard Supply & Distributing Co Inc 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 - Standard Supply & Distributing Co Inc in Dallas, TX

Standard Supply & Distributing Co Inc
1431 Regal Row
Dallas, TX 75247

Business Industry

Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers (NAICS code 423730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-33

Industry PPP Comparison Statistics

Nationwide, 1,396 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a total of $430,484,287.00 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 Standard Supply & Distributing Co Inc's reported 281 employees, and received an average PPP loan of $308,370, 90% lower than this company's loan of $2.98M.

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/standard-supply-and-distributing-co-inc-dallas-tx