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PPP Loan Data — 24 HR Safety LLC,
Deer Park, TX
24 HR Safety LLC
Entity: Limited Liability Company (LLC)
Industry: Support Activities for Oil and Gas Operations
Location: Deer Park, TX
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24 HR Safety LLC is a limited liability company (LLC) located at 4912 Railroad St in Deer Park, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a male owned business, and employed at least 210 people during the applicable loan loan period.
$
PPP Loan Information
Loan #1240638409
Loan Size:
Jobs Retained:
210Loan Approved:
2021-02-01Loan Status:
Ongoing LoanLender:
Veritex Community Bank24 HR Safety LLC in Deer Park, TX received a Paycheck Protection Loan of $2M through Veritex Community Bank, which was approved in February, 2021.
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.
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 MoreUnderstanding 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 MoreBased 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, 24 HR Safety LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 210 jobs retained, this equals an estimated average yearly compensation of $45,714 per employee1
Reported PPP Proceed Usage:
On the PPP application, 24 HR Safety LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,994
- Utilities: $1
Business Information - 24 HR Safety LLC in Deer Park, TX
4912 Railroad St
Deer Park, TX 77536
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Deer Park
In the Deer Park area, 12 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 62 employees (compared to this company's 210) and received an average PPP loan of $395,444 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Terry Baxter
Dayton, TX
TF Industrial Services, LLC
Deer Park, TX
Tower Force LLC
Deer Park, TX
Terry M Baxter
Dayton, TX
Sam Skipper Companies Inc
Dayton, TX
FQE Chemicals, Inc
Deer Park, TX
KWN Enterprises, LLC
Deer Park, TX
Clean Combustion Inc
Dayton, TX
Industry PPP Comparison Statistics
Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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 12 employees, 94% lower than 24 HR Safety LLC's reported 210 employees, and received an average PPP loan of $185,324, 91% lower than this company's loan of $2M.
24 HR Safety, LLC
Entity: Limited Liability Company (LLC)
Industry: Other Electronic Parts and Equipment Merchant Wholesalers
Location: Deer Park, TX
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24 HR Safety, LLC is a limited liability company (LLC) located at 4912 Railroad Street in Deer Park, Texas that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 213 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5645757007
Loan Size:
Jobs Retained:
213Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
Veritex Community Bank24 HR Safety, LLC in Deer Park, TX received a Paycheck Protection Loan of $2.5M through Veritex Community Bank, 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 July, 2021.
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 MoreUnderstanding 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 MoreBased 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, 24 HR Safety, LLC's 2019 payroll expenses are estimated to be at least $12M.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $56,338 per employee1
Reported PPP Proceed Usage:
On the PPP application, 24 HR Safety, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,092,000
- Utilities: $30,000
- Mortgage Interest: $8,000
- Rent: $120,000
- Health Care: $250,000
Business Information - 24 HR Safety, LLC in Deer Park, TX
4912 Railroad Street
Deer Park, TX 77536
Business Industry:
Other Electronic Parts and Equipment Merchant Wholesalers
NAICS code 423690
Business Owner Demographics
Race: White
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 4,737 businesses in the "Other Electronic Parts and Equipment Merchant Wholesalers" industry received a total of $611.87M 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 11 employees, 95% lower than 24 HR Safety, LLC's reported 213 employees, and received an average PPP loan of $129,169, 95% lower than this company's loan of $2.5M.
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.
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.
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