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PPP Loan Data — Fabcorp Inc,
Houston, TX
Fabcorp Inc
Entity: Corporation
Industry: Plate Work Manufacturing
Location: Houston, TX
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Fabcorp Inc is a corporation located at 6951 W Little York Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a Black or african american female owned business, and employed at least 172 people during the applicable loan loan period.
$ PPP Loan Information Loan #3373968406
Loan Size:
Jobs Retained:
172Loan Approved:
2021-02-04Loan Status:
Ongoing LoanLender:
Zions Bank, A Division ofFabcorp Inc in Houston, TX received a Paycheck Protection Loan of $2M through Zions Bank, A Division of, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Fabcorp Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $55,814 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fabcorp Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Fabcorp Inc in Houston, TX
6951 W Little York Rd
Houston, TX 77040
Business Industry:
Plate Work Manufacturing
NAICS code 332313
Business Owner Demographics
Race: Black or African American
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 12 businesses in the "Plate Work Manufacturing" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 172) and received an average PPP loan of $351,822 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Pipingsolutions, Inc
Houston, TX
Odyssey Precision Fabricating LLC
Houston, TX
Baja Manufacturing, LLC
Houston, TX
Myrmidon Corporation
Houston, TX
Drilling & Production Resources LLC
Houston, TX
Total Plant Management Group Inc
Houston, TX
Ghetes Manufacturing LLC
Houston, TX
Baja Starting Systems, LLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 1,926 businesses in the "Plate Work Manufacturing" industry received a total of $445,323,620.00 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 20 employees, 88% lower than Fabcorp Inc's reported 172 employees, and received an average PPP loan of $231,217, 88% lower than this company's loan of $2M.
Fabcorp, Inc
Entity: Corporation
Industry: Fabricated Structural Metal Manufacturing
Location: Houston, TX
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Fabcorp, Inc is a corporation located at 6951 West Little York in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,478,700.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 212 people during the applicable loan loan period.
$ PPP Loan Information Loan #4019877202
Loan Size:
Jobs Retained:
212Loan Approved:
2020-04-27Loan Status:
Ongoing LoanLender:
Zions Bank, A Division ofFabcorp, Inc in Houston, TX received a Paycheck Protection Loan of $2.48M through Zions Bank, A Division of, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Fabcorp, Inc's 2019 payroll expenses are estimated to be at least $11.9M.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $56,122 per employee1
Reported PPP Proceed Usage:
On the PPP application, Fabcorp, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,478,700
Business Information - Fabcorp, Inc in Houston, TX
6951 West Little York
Houston, TX 77040
Business Industry:
Fabricated Structural Metal Manufacturing
NAICS code 332312
Business Owner Demographics
Race: White
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 16 businesses in the "Fabricated Structural Metal Manufacturing" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 212) and received an average PPP loan of $524,659 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Anodico Corporation
Houston, TX
Steel Designs Inc
Houston, TX
Sienko Precision, Inc
Houston, TX
B&L Fabrication LLC
Houston, TX
Grogan-Hazel Steel Inc
Houston, TX
Grogan-Hazel Steel, Inc
Houston, TX
TNS Industries Inc
Houston, TX
Yellow Rose Steel Fabricators, Inc
Houston, TX
BLP Holdings LLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 4,818 businesses in the "Fabricated Structural Metal Manufacturing" industry received a total of $1,377,317,674.00 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, 88% lower than Fabcorp, Inc's reported 212 employees, and received an average PPP loan of $285,869, 88% lower than this company's loan of $2.48M.
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. Estimations for informational purposes only. 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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