PPP Loan Data — ACE Gathering, Inc., Katy, TX
ACE Gathering, Inc. is a corporation located at 24275 Katy Fwy in Katy, Texas that received a Coronavirus-related PPP loan from the SBA of $2,705,017.00 in April, 2020.
$ PPP Loan Information
Lender:GULF CAPITAL BANK
ACE Gathering, Inc. received a Paycheck Protection Loan of $2.71M through GULF CAPITAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, ACE Gathering, Inc.'s total 2019 payroll expenses were approximately $12.98M in order to qualify for the PPP loan amount received.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $79,171 per employee1.
Business Information - ACE Gathering, Inc. in Katy, TX
24275 Katy Fwy
Katy, TX 77494
General Freight Trucking, Local (NAICS code 484110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-10
Similar Companies near Katy
In the Katy area, 57 businesses in the "General Freight Trucking, Local" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 164) and received an average PPP loan of $69,892 (compared to this company's $2.71M).
Similar Nearby Businesses Who Received PPP Funding:
Rayo Logistics Inc
Park Row, TX
Diana Shipping Line LLC
Y & K Trucking LLC
Cypress Transportation Services LLC
Industry PPP Comparison Statistics
Nationwide, 63,007 businesses in the "General Freight Trucking, Local" industry received a total of $3,835,780,964.00 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 5 employees, 97% lower than ACE Gathering, Inc.'s reported 164 employees, and received an average PPP loan of $60,879, 98% lower than this company's loan of $2.71M.
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.
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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