PPP Loan Data — Texas Pride Fuels, LTD, Springtown, TX
Texas Pride Fuels, LTD is a limited liability partnership located at 1300 E Hwy 199 in Springtown, Texas that received a Coronavirus-related PPP loan from the SBA of $4,358,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 299 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FARMERS STATE BANK OF NEWCASTLE
Texas Pride Fuels, LTD in Springtown, TX received a Paycheck Protection Loan of $4.36M through FARMERS STATE BANK OF NEWCASTLE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Texas Pride Fuels, LTD's total 2019 payroll expenses were approximately $20.92M 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 $69,976 per employee1.
Business Information - Texas Pride Fuels, LTD in Springtown, TX
1300 E Hwy 199
Springtown, TX 76082
Fuel Dealers (NAICS code 454310)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-12
Similar Companies near Springtown
In the Springtown area, 2 businesses in the "Fuel Dealers" industry received a PPP loan. These local businesses reported an average of 156 employees (compared to this company's 299) and received an average PPP loan of $2,265,500 (compared to this company's $4.36M).
Similar Nearby Businesses Who Received PPP Funding:
American Energy Innovations
Industry PPP Comparison Statistics
Nationwide, 2,598 businesses in the "Fuel Dealers" industry received a total of $459,348,282.00 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 15 employees, 95% lower than Texas Pride Fuels, LTD's reported 299 employees, and received an average PPP loan of $176,808, 96% lower than this company's loan of $4.36M.
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Footnotes & Information
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