PPP Loan Data — Drilling Tools International Inc, Houston, TX
Drilling Tools International Inc is a corporation located at 3701 Briarpark Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $6,575,300.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Drilling Tools International Inc in Houston, TX received a Paycheck Protection Loan of $6.58M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Drilling Tools International Inc's total 2019 payroll expenses were approximately $31.56M in order to qualify for the PPP loan amount received.
Based on their reported 410 jobs retained, this equals an estimated average yearly compensation of $76,979 per employee1.
Business Information - Drilling Tools International Inc in Houston, TX
3701 Briarpark Dr
Houston, TX 77042
Crude Petroleum Extraction (NAICS code 211120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-09
Similar Companies near Houston
In the Houston area, 3 businesses in the "Crude Petroleum Extraction " industry received a PPP loan. These local businesses reported an average of 143 employees (compared to this company's 410) and received an average PPP loan of $2,276,435 (compared to this company's $6.58M).
Similar Nearby Businesses Who Received PPP Funding:
Apex Subsea, Inc.
WMR Energy Resources LLC
Industry PPP Comparison Statistics
Nationwide, 2,633 businesses in the "Crude Petroleum Extraction " industry received a total of $383,891,055.00 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 8 employees, 98% lower than Drilling Tools International Inc's reported 410 employees, and received an average PPP loan of $145,800, 98% lower than this company's loan of $6.58M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!