PPP Loan Data — Amerapex Corporation, Houston, TX
Amerapex Corporation is a corporation located at 2950 North Loop W Ste 1100 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,453,500.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST HORIZON BANK
Amerapex Corporation received a Paycheck Protection Loan of $3.45M through FIRST HORIZON BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Amerapex Corporation's total 2019 payroll expenses were approximately $16.58M in order to qualify for the PPP loan amount received.
Based on their reported 177 jobs retained, this equals an estimated average yearly compensation of $93,654 per employee1.
Business Information - Amerapex Corporation in Houston, TX
2950 North Loop W Ste 1100
Houston, TX 77092
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Similar Companies near Houston
In the Houston area, 9 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 177) and received an average PPP loan of $454,419 (compared to this company's $3.45M).
Similar Nearby Businesses Who Received PPP Funding:
Koehn & Associates Engineers, Inc.
Vatani Consulting Engineers, PLLC
Concept Engineers, Inc.
FMF Engineering Corporation
Middleton Brown LLC
Halco Mechanical, Inc.
Nexgen Engineers LLC
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 92% lower than Amerapex Corporation's reported 177 employees, and received an average PPP loan of $249,856, 93% lower than this company's loan of $3.45M.
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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