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PPP Loan Data — American Block Company, Houston, TX

SBA PPP loan data, payroll data, and salaries for American Block Company
TX

American Block Company

Entity: Subchapter S Corporation

Industry: Oil and Gas Field Machinery and Equipment Manufacturing

Location: Houston, TX

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American Block Company is a subchapter s corporation located at 6311 Breen Road in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,525,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$1.53M

Jobs Retained:

112

Loan Approved:

2020-04-13

Lender:

ZIONS BANK, A DIVISION OF

American Block Company received a Paycheck Protection Loan of $1.53M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Block Company's total 2019 payroll expenses were approximately $7.32M in order to qualify for the PPP loan amount received.

Based on their reported 112 jobs retained, this equals an estimated average yearly compensation of $65,387 per employee1.

Business Information - American Block Company in Houston, TX

American Block Company
6311 Breen Road
Houston, TX 77086

Business Industry

Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-18

Similar Companies near Houston

In the Houston area, 9 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 112) and received an average PPP loan of $621,909 (compared to this company's $1.53M).

Industry PPP Comparison Statistics

Nationwide, 893 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $361,454,588.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 25 employees, 78% lower than American Block Company's reported 112 employees, and received an average PPP loan of $404,764, 73% lower than this company's loan of $1.53M.

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.

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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/american-block-company-houston-tx