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PPP Loan Data — Texas Pride Fuels LTD,
Springtown, 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 Highway 199 in Springtown, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 164 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7010648305
Loan Size:
Jobs Retained:
164Loan Approved:
2021-01-27Loan Status:
Paid in Full or ForgivenLender:
Farmers State Bank of NewCastleTexas Pride Fuels LTD in Springtown, TX received a Paycheck Protection Loan of $2M through Farmers State Bank of NewCastle, which was approved in January, 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 August, 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, Texas Pride Fuels LTD's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $58,537 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texas Pride Fuels LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - Texas Pride Fuels LTD in Springtown, TX
1300 E Highway 199
Springtown, TX 76082
Business Industry:
Fuel Dealers
NAICS code 454310
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Texas Pride Fuels LTD.
Archer County Publishing Company Inc
Newspaper Publishers
American Energy Innovations LLC
Fuel Dealers
Similar Companies near Springtown
In the Springtown area, 4 businesses in the "Fuel Dealers" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 164) and received an average PPP loan of $1,676,580 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
American Energy Innovations LLC
Springtown, TX
American Energy Innovations
Springtown, TX
Industry PPP Comparison Statistics
Nationwide, 3,800 businesses in the "Fuel Dealers" industry received a total of $619.9M 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 16 employees, 90% lower than Texas Pride Fuels LTD's reported 164 employees, and received an average PPP loan of $163,131, 92% lower than this company's loan of $2M.
Texas Pride Fuels, LTD
Entity: Limited Liability Partnership
Industry: Fuel Dealers
Location: Springtown, TX
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•
Search All PPP Data
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 male owned business, and employed at least 299 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5636467001
Loan Size:
Jobs Retained:
299Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
Farmers State Bank of NewCastleTexas 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.
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 February, 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, Texas Pride Fuels, LTD's 2019 payroll expenses are estimated to be at least $20.92M.
Based on their reported 299 jobs retained, this equals an estimated average yearly compensation of $69,976 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texas Pride Fuels, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,358,900
Business Information - Texas Pride Fuels, LTD in Springtown, TX
1300 E Hwy 199
Springtown, TX 76082
Business Industry:
Fuel Dealers
NAICS code 454310
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Texas Pride Fuels, LTD.
L&D Haile Properties, LP
Lessors of Nonresidential Buildings (except Miniwarehouses)
American Energy Innovations
Fuel Dealers
Similar Companies near Springtown
In the Springtown area, 4 businesses in the "Fuel Dealers" industry received a PPP loan. These local businesses reported an average of 122 employees (compared to this company's 299) and received an average PPP loan of $1,676,580 (compared to this company's $4.36M).
Similar Nearby Businesses Who Received PPP Funding:
American Energy Innovations LLC
Springtown, TX
American Energy Innovations
Springtown, TX
Industry PPP Comparison Statistics
Nationwide, 3,800 businesses in the "Fuel Dealers" industry received a total of $619.9M 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 16 employees, 95% lower than Texas Pride Fuels, LTD's reported 299 employees, and received an average PPP loan of $163,131, 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, 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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