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PPP Loan Data — Boyer Inc, Houston, TX

SBA PPP loan data, payroll data, and salaries for Boyer Inc
TX

Boyer Inc

Entity: Corporation

Industry: Highway, Street, and Bridge Construction

Location: Houston, TX

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Boyer Inc is a corporation located at 8904 Fairbanks N Houston Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,496,300.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 179 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

179

Loan Approved:

2020-04-10

Lender:

FROST BANK

Boyer Inc in Houston, TX received a Paycheck Protection Loan of $2.5M through FROST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Boyer Inc's total 2019 payroll expenses were approximately $11.98M in order to qualify for the PPP loan amount received.

Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $66,940 per employee1.

Because the loan received by Boyer Inc 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 - Boyer Inc in Houston, TX

Boyer Inc
8904 Fairbanks N Houston Rd
Houston, TX 77064

Business Industry

Highway, Street, and Bridge Construction (NAICS code 237310)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 5 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 179) and received an average PPP loan of $690,393 (compared to this company's $2.5M).

Industry PPP Comparison Statistics

Nationwide, 7,070 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $2,867,987,409.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 26 employees, 85% lower than Boyer Inc's reported 179 employees, and received an average PPP loan of $405,656, 84% lower than this company's loan of $2.5M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/boyer-inc-houston-tx