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PPP Loan Data — Structural And Steel Products Manufacturing, LTD, Fort Worth, TX

SBA PPP loan data, payroll data, and salaries for Structural And Steel Products Manufacturing, LTD
TX

Structural And Steel Products Manufacturing, LTD

Entity: Corporation

Industry: Fabricated Structural Metal Manufacturing

Location: Fort Worth, TX

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Structural And Steel Products Manufacturing, LTD is a corporation located at 3001 W. Pafford St in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $2,603,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.6M

Jobs Retained:

187

Loan Approved:

2020-04-10

Lender:

BOKF, NATIONAL ASSOCIATION

Structural And Steel Products Manufacturing, LTD received a Paycheck Protection Loan of $2.6M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Structural And Steel Products Manufacturing, LTD's total 2019 payroll expenses were approximately $12.5M in order to qualify for the PPP loan amount received.

Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $66,823 per employee1.

Because the loan received by Structural And Steel Products Manufacturing, LTD 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 - Structural And Steel Products Manufacturing, LTD in Fort Worth, TX

Structural And Steel Products Manufacturing, LTD
3001 W. Pafford St
Fort Worth, TX 76110

Business Industry

Fabricated Structural Metal Manufacturing (NAICS code 332312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-33

Similar Companies near Fort Worth

In the Fort Worth area, 5 businesses in the "Fabricated Structural Metal Manufacturing" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 187) and received an average PPP loan of $960,481 (compared to this company's $2.6M).

Industry PPP Comparison Statistics

Nationwide, 3,076 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $957,416,230.00 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, 88% lower than Structural And Steel Products Manufacturing, LTD's reported 187 employees, and received an average PPP loan of $311,254, 88% lower than this company's loan of $2.6M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/structural-and-steel-products-manufacturing-ltd-fort-worth-tx