TX

HCL Mechanical Services LLC

Entity: Limited Liability Company (LLC)

Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Location: Houston, TX

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HCL Mechanical Services LLC is a limited liability company (LLC) located at 6877 Wynnwood Ln in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

$ PPP Loan Information

Loan #2122898704

HCL Mechanical Services LLC in Houston, TX received a Paycheck Protection Loan of $2M through Zions Bank, A Division of, which was approved in March, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

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, HCL Mechanical Services LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $80,000 per employee¹

Reported PPP Proceed Usage:

On the PPP application, HCL Mechanical Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $2,000,000

Business Information - HCL Mechanical Services LLC in Houston, TX

Similar Companies near Houston

In the Houston area, 5 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 120) and received an average PPP loan of $515,462 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 19,781 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.19B 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 HCL Mechanical Services LLC's reported 120 employees, and received an average PPP loan of $110,754, 94% lower than this company's loan of $2M.