PPP Loan Data — Thomas R Lackey DBA Aml Materials, Benbrook, TX
Thomas R Lackey DBA Aml Materials
Entity: Sole Proprietorship
Location: Benbrook, TXTweet This • Search All PPP Data
Thomas R Lackey DBA Aml Materials is a sole proprietorship located in Benbrook, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Thomas R Lackey DBA Aml Materials in Benbrook, TX received a Paycheck Protection Loan of $25,000 through Bank of America, National Association, which was approved in May, 2020.
Reported PPP Proceed Usage:
On the PPP application, Thomas R Lackey DBA Aml Materials reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Thomas R Lackey DBA Aml Materials in Benbrook, TX
* Full address is redacted to protect the privacy of individuals.
Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers
NAICS code 423310
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,326 businesses in the "Lumber, Plywood, Millwork, and Wood Panel Merchant Wholesalers" industry received a total of $1.04B 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 18 employees, 1700% higher than Thomas R Lackey DBA Aml Materials' reported 1 employees, and received an average PPP loan of $194,849, 679% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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