PPP Loan Data — Ztex Construction, Inc, El Paso, TX
Ztex Construction, Inc is a corporation located at 1326 Henry Brennan Dr in El Paso, Texas that received a Coronavirus-related PPP loan from the SBA of $2,158,411.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 307 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Sunflower Bank, National Association
Ztex Construction, Inc in El Paso, TX received a Paycheck Protection Loan of $2.16M through Sunflower Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
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, Ztex Construction, Inc's 2019 payroll expenses are estimated to be at least $10.36M.
Based on their reported 307 jobs retained, this equals an estimated average yearly compensation of $33,747 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ztex Construction, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,158,411
Business Information - Ztex Construction, Inc in El Paso, TX
1326 Henry Brennan Dr
El Paso, TX 79936
Other Heavy and Civil Engineering Construction
NAICS code 237990
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near El Paso
In the El Paso area, 4 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 99 employees (compared to this company's 307) and received an average PPP loan of $702,920 (compared to this company's $2.16M).
Similar Nearby Businesses Who Received PPP Funding:
Reycon Construction Solutions LP
El Paso, TX
El Paso, TX
CMD Endeavors, Inc
El Paso, TX
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, 94% lower than Ztex Construction, Inc's reported 307 employees, and received an average PPP loan of $234,414, 89% lower than this company's loan of $2.16M.
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Footnotes & Information
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