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PPP Loan Data — Texas Pride Fuels, LTD, Springtown, TX

SBA PPP loan data, payroll data, and salaries for Texas Pride Fuels, LTD
TX

Texas Pride Fuels, LTD

Entity: Limited Liability Partnership

Industry: Fuel Dealers

Location: Springtown, TX

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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

Loan Size:

$4.36M

Jobs Retained:

299

Loan Approved:

2020-04-06

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.

Because the loan received by Texas Pride Fuels, LTD 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 - Texas Pride Fuels, LTD in Springtown, TX

Texas Pride Fuels, LTD
1300 E Hwy 199
Springtown, TX 76082

Business Industry

Fuel Dealers (NAICS code 454310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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
Springtown, TX

$172,100 PPP Loan

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.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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/texas-pride-fuels-ltd-springtown-tx