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PPP Loan Data — The Bosworth Company, LTD, Midland, TX

SBA PPP loan data, payroll data, and salaries for The Bosworth Company, LTD

The Bosworth Company, LTD

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Midland, TX

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The Bosworth Company, LTD is a corporation located at 2205 W Industrial Ave in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $5,900,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




The Bosworth Company, LTD received a Paycheck Protection Loan of $5.9M through WEST TEXAS NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Bosworth Company, LTD's total 2019 payroll expenses were approximately $28.32M in order to qualify for the PPP loan amount received.

Based on their reported 380 jobs retained, this equals an estimated average yearly compensation of $74,526 per employee1.

Because the loan received by The Bosworth Company, 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 - The Bosworth Company, LTD in Midland, TX

The Bosworth Company, LTD
2205 W Industrial Ave
Midland, TX 79701

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-11

Similar Companies near Midland

In the Midland area, 20 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 380) and received an average PPP loan of $464,904 (compared to this company's $5.9M).

Industry PPP Comparison Statistics

Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 97% lower than The Bosworth Company, LTD's reported 380 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $5.9M.

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.

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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 - The Civil Employee's Resource **