PPP Loan Data — SWM International, LLC, Pampa, TX
SWM International, LLC
Entity: Subchapter S Corporation
Location: Pampa, TXTweet This • Search All PPP Data
SWM International, LLC is a subchapter s corporation located at 2225 W. Alcock Street in Pampa, Texas that received a Coronavirus-related PPP loan from the SBA of $1,809,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cadence Bank, National Association
SWM International, LLC in Pampa, TX received a Paycheck Protection Loan of $1.81M through Cadence Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, SWM International, LLC's 2019 payroll expenses are estimated to be at least $8.68M.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $68,372 per employee1
Reported PPP Proceed Usage:
On the PPP application, SWM International, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,809,000
Business Information - SWM International, LLC in Pampa, TX
2225 W. Alcock Street
Pampa, TX 79065
Iron and Steel Pipe and Tube Manufacturing from Purchased Steel
NAICS code 331210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Pampa
In the Pampa area, 2 businesses in the "Iron and Steel Pipe and Tube Manufacturing from Purchased Steel" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 127) and received an average PPP loan of $941,550 (compared to this company's $1.81M).
Similar Nearby Businesses Who Received PPP Funding:
Outlaw Custom Welding LLC
Industry PPP Comparison Statistics
Nationwide, 1,388 businesses in the "Iron and Steel Pipe and Tube Manufacturing from Purchased Steel" industry received a total of $409.22M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 25 employees, 80% lower than SWM International, LLC's reported 127 employees, and received an average PPP loan of $294,829, 84% lower than this company's loan of $1.81M.
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Footnotes & Information
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