PPP Loan Data — Austin Engineering Co., Inc., Austin, TX
Austin Engineering Co., Inc.
Location: Austin, TXTweet This • Search All PPP Data
Austin Engineering Co., Inc. is a corporation located at 3317 Ranch Rd 620 N in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $2,813,900.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST UNITED BANK AND TRUST COMPANY
Austin Engineering Co., Inc. received a Paycheck Protection Loan of $2.81M through FIRST UNITED BANK AND TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Austin Engineering Co., Inc.'s total 2019 payroll expenses were approximately $13.51M in order to qualify for the PPP loan amount received.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $69,983 per employee1.
Business Information - Austin Engineering Co., Inc. in Austin, TX
3317 Ranch Rd 620 N
Austin, TX 78734
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-25
Similar Companies near Austin
In the Austin area, 10 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 193) and received an average PPP loan of $427,780 (compared to this company's $2.81M).
Similar Nearby Businesses Who Received PPP Funding:
Commercial Flooring Systems, Inc
JT Wright LLC
Scout Construction LLC
Bauen Partners LLC
Gilger Contractors, LLC
Development 2000, Inc.
Austin Concrete Development, LLC
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 93% lower than Austin Engineering Co., Inc.'s reported 193 employees, and received an average PPP loan of $203,235, 93% lower than this company's loan of $2.81M.
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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