PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Foss Energy Services, Inc, Houston, TX

SBA PPP loan data, payroll data, and salaries for Foss Energy Services, Inc
TX

Foss Energy Services, Inc

Entity: Corporation

Industry: Oil and Gas Pipeline and Related Structures Construction

Location: Houston, TX

Search All PPP Data

Foss Energy Services, Inc is a corporation located at 1800 Saint James Pl in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $4,536,918.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 237 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.54M

Jobs Retained:

237

Loan Approved:

2020-04-14

Lender:

FIRST FINANCIAL BANK, NATIONAL ASSOCIATION

Foss Energy Services, Inc in Houston, TX received a Paycheck Protection Loan of $4.54M through FIRST FINANCIAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Foss Energy Services, Inc's total 2019 payroll expenses were approximately $21.78M in order to qualify for the PPP loan amount received.

Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $91,887 per employee1.

Because the loan received by Foss Energy Services, 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 - Foss Energy Services, Inc in Houston, TX

Foss Energy Services, Inc
1800 Saint James Pl
Houston, TX 77056

Business Industry

Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-07

Similar Companies near Houston

In the Houston area, 4 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 85 employees (compared to this company's 237) and received an average PPP loan of $1,792,701 (compared to this company's $4.54M).

Industry PPP Comparison Statistics

Nationwide, 1,513 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $689,155,003.00 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 26 employees, 89% lower than Foss Energy Services, Inc's reported 237 employees, and received an average PPP loan of $455,489, 90% lower than this company's loan of $4.54M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

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