PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — TWG Investments LTD, Wichita Falls, TX

SBA PPP loan data, payroll data, and salaries for TWG Investments LTD

TWG Investments LTD

Entity: Partnership

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Wichita Falls, TX

Search All PPP Data

TWG Investments LTD is a partnership located at 3610 Barnett Rd in Wichita Falls, Texas that received a Coronavirus-related PPP loan from the SBA of $1,324,400.00 in April, 2020.

The company has reported itself as a White owned business, and employed at least 269 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5866557010

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Ongoing Loan


First Bank

TWG Investments LTD in Wichita Falls, TX received a Paycheck Protection Loan of $1.32M through First Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

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 More
Understanding 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 More

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, TWG Investments LTD's 2019 payroll expenses are estimated to be at least $6.36M.

Based on their reported 269 jobs retained, this equals an estimated average yearly compensation of $23,632 per employee1

Reported PPP Proceed Usage:

On the PPP application, TWG Investments LTD reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,324,400

Business Information - TWG Investments LTD in Wichita Falls, TX

TWG Investments LTD
3610 Barnett Rd
Wichita Falls, TX 76310

Business Industry:
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110

Business Owner Demographics

Race: White

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Wichita County, TX — SBA Office 0610 — Congressional District: TX-13

Similar Companies near Wichita Falls

In the Wichita Falls area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 241 employees (compared to this company's 269) and received an average PPP loan of $1,815,200 (compared to this company's $1.32M).

Similar Nearby Businesses Who Received PPP Funding:

Hospice Of Wichita Falls, Inc
Wichita Falls, TX

$2.31M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 15,149 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $6.79B 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 60 employees, 78% lower than TWG Investments LTD's reported 269 employees, and received an average PPP loan of $448,084, 66% lower than this company's loan of $1.32M.

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.

Search FederalPay's Full PPP Loan Database

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.

Have's open data tools been valuable? Consider donating!

** This Document Provided By - The Civil Employee's Resource **