PPP Loan Data — Steelco Inc, Conroe, TX
Steelco Inc is a corporation located at 808 W Dallas St in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $3,025,089.00 in April, 2020.
$ PPP Loan Information
Lender:TRUSTMARK NATIONAL BANK
Steelco Inc in Conroe, TX received a Paycheck Protection Loan of $3.03M through TRUSTMARK NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Steelco Inc's total 2019 payroll expenses were approximately $14.52M in order to qualify for the PPP loan amount received.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $63,132 per employee1.
Business Information - Steelco Inc in Conroe, TX
808 W Dallas St
Conroe, TX 77301
Iron and Steel Mills and Ferroalloy Manufacturing (NAICS code 331110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-08
Industry PPP Comparison Statistics
Nationwide, 712 businesses in the "Iron and Steel Mills and Ferroalloy Manufacturing" industry received a total of $239,381,219.00 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 23 employees, 90% lower than Steelco Inc's reported 230 employees, and received an average PPP loan of $336,210, 89% lower than this company's loan of $3.03M.
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Footnotes & Information
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