PPP Loan Data — 3S Team, LLC, Pasadena, TX
3S Team, LLC is a limited liability company (LLC) located at 5330 Vista Rd in Pasadena, Texas that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in April, 2020.
$ PPP Loan Information
3S Team, LLC in Pasadena, TX received a Paycheck Protection Loan of $5M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, 3S Team, LLC's total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $80,000 per employee1.
Business Information - 3S Team, LLC in Pasadena, TX
5330 Vista Rd
Pasadena, TX 77505
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-36
Similar Companies near Pasadena
In the Pasadena area, 7 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 300) and received an average PPP loan of $786,715 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
Hurricane Fence, Inc.
Greg Reid DBA Reid's Renovation
Paddock Southwest, LLC
Michael Miller Corporation
C&C Fence Corp
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 97% lower than 3S Team, LLC's reported 300 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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