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PPP Loan Data — Tasco Auto Color Corporation, Houston, TX

SBA PPP loan data, payroll data, and salaries for Tasco Auto Color Corporation
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:

$3.1M

Jobs Retained:

299

Loan Approved:

2020-04-15

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Tasco 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.

Because the loan received by Tasco Auto Color Corporation 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 - Tasco Auto Color Corporation in Houston, TX

Tasco Auto Color Corporation
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-18

Similar 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).

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.

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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/tasco-auto-color-corporation-houston-tx