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PPP Loan Data — Forza Pipeline Services Inc.,
Midland, TX
Forza Pipeline Services Inc.
Entity: Sole Proprietorship
Industry: Residential Remodelers
Location: Midland, TX
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Forza Pipeline Services Inc. is a sole proprietorship located at 2217 Ecr 155 Lot #3 in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $2,938,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 200 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-15Lender:
READYCAP LENDING, LLCForza Pipeline Services Inc. in Midland, TX received a Paycheck Protection Loan of $2.94M through READYCAP LENDING, LLC, which was approved in April, 2020.
Based on standard PPP eligibility rules, Forza Pipeline Services Inc.'s total 2019 payroll expenses were approximately $14.1M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $70,517 per employee1.
Business Information - Forza Pipeline Services Inc. in Midland, TX
2217 Ecr 155 Lot #3
Midland, TX 79706
Business Industry
Residential Remodelers (NAICS code 236118)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-11Similar Companies near Midland
In the Midland area, 14 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 200) and received an average PPP loan of $249,168 (compared to this company's $2.94M).
Similar Nearby Businesses Who Received PPP Funding:
Hines Construction Inc
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Reliable Hammer, Inc.
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M.R. Lary Inc.
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S.S. Investments Inc
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Ranmar Services Inc
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Mark Burkett DBA Mab Contracting
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Willy's Construction And Plumbing LLC
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Rodolfo Munoz
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Industry PPP Comparison Statistics
Nationwide, 53,839 businesses in the "Residential Remodelers" industry received a total of $2,497,962,542.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Forza Pipeline Services Inc.'s reported 200 employees, and received an average PPP loan of $46,397, 98% lower than this company's loan of $2.94M.
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.
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