PPP Loan Data — Tasco Auto Color Corporation, Houston, TX
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
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.
Business Information - Tasco Auto Color Corporation in Houston, TX
10323 Veterans Memorial
Houston, TX 77038
Paint, Varnish, and Supplies Merchant Wholesalers (NAICS code 424950)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Southwestern Paint Panels LLC
Brault Auto Paint & Supply #2 Inc
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.
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Footnotes & Information
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