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PPP Loan Data — TDW Company LLC,
Conroe, TX
TDW Company LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Conroe, TX
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TDW Company LLC is a limited liability company (LLC) located at 2112 Airport Rd in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $376,650.00 in February, 2021.
$
PPP Loan Information
Loan #4974858408
Loan Size:
Jobs Retained:
235Loan Approved:
2021-02-07Loan Status:
Paid in Full or ForgivenLender:
Hancock Whitney BankTDW Company LLC in Conroe, TX received a Paycheck Protection Loan of $376,650 through Hancock Whitney Bank, which was approved in February, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, TDW Company LLC's 2019 payroll expenses are estimated to be at least $1.81M.
Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $7,693 per employee1
Reported PPP Proceed Usage:
On the PPP application, TDW Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $376,644
- Utilities: $1
Business Information - TDW Company LLC in Conroe, TX
2112 Airport Rd
Conroe, TX 77301
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Conroe
In the Conroe area, 16 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 235) and received an average PPP loan of $509,430 (compared to this company's $376,650).
Similar Nearby Businesses Who Received PPP Funding:
Advanced Calibration Enterprises LLC
Conroe, TX
DFI Piling Inc
Conroe, TX
Sanvean Technologies LLC
Conroe, TX
Hadco International LLC
Conroe, TX
Commercial Glass And Mirror Inc
Conroe, TX
Montana Resource Services, Inc
Conroe, TX
First Directional Rentals LLC
Conroe, TX
Turbo Drill Industries, Inc
Conroe, TX
Whitener Enterprises Inc
Conroe, TX
Industry PPP Comparison Statistics
Nationwide, 20,747 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B 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 12 employees, 95% lower than TDW Company LLC's reported 235 employees, and received an average PPP loan of $185,312, 51% lower than this company's loan of $376,650.
TDW Company, LLC
Entity: Limited Liability Company (LLC)
Industry: Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
Location: Conroe, TX
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TDW Company, LLC is a limited liability company (LLC) located at 2112 Airport Rd in Conroe, Texas that received a Coronavirus-related PPP loan from the SBA of $376,600.00 in April, 2020.
$
PPP Loan Information
Loan #6179217103
Loan Size:
Jobs Retained:
19Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Hancock Whitney BankTDW Company, LLC in Conroe, TX received a Paycheck Protection Loan of $376,600 through Hancock Whitney Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, TDW Company, LLC's 2019 payroll expenses are estimated to be at least $1.81M.
Based on their reported 19 jobs retained, this equals an estimated average yearly compensation of $95,141 per employee1
Reported PPP Proceed Usage:
On the PPP application, TDW Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $376,600
Business Information - TDW Company, LLC in Conroe, TX
2112 Airport Rd
Conroe, TX 77301
Business Industry:
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing
NAICS code 532412
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Conroe
In the Conroe area, 4 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 19) and received an average PPP loan of $283,057 (compared to this company's $376,600).
Similar Nearby Businesses Who Received PPP Funding:
Conroe Welding Supply, Inc
Conroe, TX
Kevin Gonzalez
Conroe, TX
Industry PPP Comparison Statistics
Nationwide, 13,852 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $844.92M 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 4 employees, 79% lower than TDW Company, LLC's reported 19 employees, and received an average PPP loan of $60,996, 84% lower than this company's loan of $376,600.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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