PPP Loan Data — Gulf Interstate Field Services, Inc., Houston, TX
Gulf Interstate Field Services, Inc.
Location: Houston, TXTweet This • Search All PPP Data
Gulf Interstate Field Services, Inc. is a corporation located at 16010 Barkers Point Ln Ste 600 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Gulf Interstate Field Services, Inc. in Houston, TX received a Paycheck Protection Loan of $10M through BBVA USA, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 450 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 480.
Based on standard PPP eligibility rules, Gulf Interstate Field Services, Inc.'s total 2019 payroll expenses were approximately $48M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 450 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Gulf Interstate Field Services, Inc. in Houston, TX
16010 Barkers Point Ln Ste 600
Houston, TX 77079
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 32 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 450) and received an average PPP loan of $547,929 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Makuson Solutions LLC
K Culbertson Consulting, LLC
Ashley Silver Consulting
RGM Energy Solutions, LLC
Genuine Labor Resources LLC
Meridian Financial LLC
AV Interests, LLC
PAW Power, Inc
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Gulf Interstate Field Services, Inc.'s reported 450 employees, and received an average PPP loan of $74,488, 99% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!