PPP Loan Data — TWG Investments LTD, Wichita Falls, TX
TWG Investments LTD
Location: Wichita Falls, TXTweet This • 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 Status:Ongoing Loan
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
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, 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
3610 Barnett Rd
Wichita Falls, TX 76310
Nursing Care Facilities (Skilled Nursing Facilities)
NAICS code 623110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
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
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.
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Footnotes & Information
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