PPP Loan Data — BCP Group Artificial Lift Inc, Houston, TX
BCP Group Artificial Lift Inc
Location: Houston, TXTweet This • Search All PPP Data
BCP Group Artificial Lift Inc is a corporation located at 6315 N Sam Houston Pkwy West in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $82,080.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
BCP Group Artificial Lift Inc received a Paycheck Protection Loan of $82,080 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, BCP Group Artificial Lift Inc's total 2019 payroll expenses were approximately $393,984 in order to qualify for the PPP loan amount received.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $56,283 per employee1.
Business Information - BCP Group Artificial Lift Inc in Houston, TX
6315 N Sam Houston Pkwy West
Houston, TX 77086
Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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 7) and received an average PPP loan of $621,909 (compared to this company's $82,080).
Similar Nearby Businesses Who Received PPP Funding:
Omega Equipment LLC
American Block Company
Wolverine Oilfield Technologies, LLC
Maxwell Bailer Corp
G & R Oilfield Supply
Steel Goode Products, LLC
Axon Employee Holdings, Inc.
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, 257% higher than BCP Group Artificial Lift Inc's reported 7 employees, and received an average PPP loan of $404,764, 393% higher than this company's loan of $82,080.
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.
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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