PPP Loan Data — Tom's Texaco, Inc, Golden Meadow, LA
Tom's Texaco, Inc is a corporation located at 1509 North Bayou Dr in Golden Meadow, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,246.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:State Bank & Trust Company
Tom's Texaco, Inc in Golden Meadow, LA received a Paycheck Protection Loan of $25,246 through State Bank & Trust Company, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Tom's Texaco, Inc's 2019 payroll expenses are estimated to be at least $121,181.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,295 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tom's Texaco, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,246
Business Information - Tom's Texaco, Inc in Golden Meadow, LA
1509 North Bayou Dr
Golden Meadow, LA 70357
Other Gasoline Stations
NAICS code 447190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Golden Meadow
In the Golden Meadow area, 2 businesses in the "Other Gasoline Stations" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 4) and received an average PPP loan of $60,937 (compared to this company's $25,246).
Similar Nearby Businesses Who Received PPP Funding:
Kajun Truck Plaza LLC
Golden Meadow, LA
Industry PPP Comparison Statistics
Nationwide, 6,490 businesses in the "Other Gasoline Stations" industry received a total of $343.18M 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 9 employees, 125% higher than Tom's Texaco, Inc's reported 4 employees, and received an average PPP loan of $52,878, 109% higher than this company's loan of $25,246.
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Footnotes & Information
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