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PPP Loan Data — Tasco Auto Color Corporation,
Houston, TX
Tasco Auto Color Corporation
Entity: Subchapter S Corporation
Industry: Paint, Varnish, and Supplies Merchant Wholesalers
Location: Houston, TX
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Tasco Auto Color Corporation is a subchapter s corporation located at 10323 Veterans Memorial in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,097,122.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
299Loan Approved:
2020-04-15Lender:
TEXAS CAPITAL BANK, NATIONAL ASSOCIATIONTasco Auto Color Corporation received a Paycheck Protection Loan of $3.1M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tasco Auto Color Corporation's total 2019 payroll expenses were approximately $14.87M in order to qualify for the PPP loan amount received.
Based on their reported 299 jobs retained, this equals an estimated average yearly compensation of $49,720 per employee1.
Business Information - Tasco Auto Color Corporation in Houston, TX
10323 Veterans Memorial
Houston, TX 77038
Business Industry
Paint, Varnish, and Supplies Merchant Wholesalers (NAICS code 424950)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-18Similar Companies near Houston
In the Houston area, 3 businesses in the "Paint, Varnish, and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 102 employees (compared to this company's 299) and received an average PPP loan of $1,050,506 (compared to this company's $3.1M).
Similar Nearby Businesses Who Received PPP Funding:
Southwestern Paint Panels LLC
Houston, TX
Brault Auto Paint & Supply #2 Inc
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 585 businesses in the "Paint, Varnish, and Supplies Merchant Wholesalers" industry received a total of $73,899,566.00 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 10 employees, 97% lower than Tasco Auto Color Corporation's reported 299 employees, and received an average PPP loan of $126,324, 96% lower than this company's loan of $3.1M.
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.
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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