PPP Loan Data — Foss Energy Services, Inc, Houston, TX
Foss Energy Services, Inc
Location: Houston, TXTweet This • 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
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.
Business Information - Foss Energy Services, Inc in Houston, TX
1800 Saint James Pl
Houston, TX 77056
Oil and Gas Pipeline and Related Structures Construction (NAICS code 237120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Boomtown Oil LLC
Continental Facility Services, Inc
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.
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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