PPP Loan Data — Graves Mechanical, Inc, Houston, TX
Graves Mechanical, Inc
Location: Houston, TXTweet This • Search All PPP Data
Graves Mechanical, Inc is a corporation located at 5910 Schumacher Lane in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,593,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Zions Bank, A Division of
Graves Mechanical, Inc in Houston, TX received a Paycheck Protection Loan of $1.59M through Zions Bank, A Division of, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Graves Mechanical, Inc's 2019 payroll expenses are estimated to be at least $7.65M.
Based on their reported 122 jobs retained, this equals an estimated average yearly compensation of $62,695 per employee1
Reported PPP Proceed Usage:
On the PPP application, Graves Mechanical, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,593,500
Business Information - Graves Mechanical, Inc in Houston, TX
5910 Schumacher Lane
Houston, TX 77057
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 14 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 122) and received an average PPP loan of $329,558 (compared to this company's $1.59M).
Similar Nearby Businesses Who Received PPP Funding:
Roessler Equipment Company Inc
J Amari Enterprises Inc
AC Tower LLC
Comfort Stars Inc
Comfort Stars Onc
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 92% lower than Graves Mechanical, Inc's reported 122 employees, and received an average PPP loan of $123,520, 92% lower than this company's loan of $1.59M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!