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PPP Loan Data — Amerapex Corporation, Houston, TX

SBA PPP loan data, payroll data, and salaries for Amerapex Corporation
TX

Amerapex Corporation

Entity: Corporation

Industry: Engineering Services

Location: Houston, TX

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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

Loan Size:

$3.45M

Jobs Retained:

177

Loan Approved:

2020-04-09

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.

Because the loan received by Amerapex Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Amerapex Corporation in Houston, TX

Amerapex Corporation
2950 North Loop W Ste 1100
Houston, TX 77092

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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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Source: www.federalpay.org/paycheck-protection-program/amerapex-corporation-houston-tx