PPP Loan Data — Trac-Work, Inc, Ennis, TX
Trac-Work, Inc is an employee stock ownership plan(esop) located at 3801 N. Interstate Highway 45 in Ennis, Texas that received a Coronavirus-related PPP loan from the SBA of $2,219,980.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 183 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Ennis State Bank
Trac-Work, Inc in Ennis, TX received a Paycheck Protection Loan of $2.22M through Ennis State Bank, 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, Trac-Work, Inc's 2019 payroll expenses are estimated to be at least $10.66M.
Based on their reported 183 jobs retained, this equals an estimated average yearly compensation of $58,229 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trac-Work, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,219,980
Business Information - Trac-Work, Inc in Ennis, TX
3801 N. Interstate Highway 45
Ennis, TX 75119
Other Heavy and Civil Engineering Construction
NAICS code 237990
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Ennis
In the Ennis area, 3 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 183) and received an average PPP loan of $1,090,791 (compared to this company's $2.22M).
Similar Nearby Businesses Who Received PPP Funding:
Doherty Bros. Construction, Inc
Lone Star Railroad Contractors Inc
Industry PPP Comparison Statistics
Nationwide, 11,233 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.63B 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 17 employees, 91% lower than Trac-Work, Inc's reported 183 employees, and received an average PPP loan of $234,414, 89% lower than this company's loan of $2.22M.
FederalPay's PPP Information Policy
Footnotes & Information
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