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PPP Loan Data — HCL Mechanical Services LLC,
Houston, 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
Loan Size:
Jobs Retained:
120Loan Approved:
2021-03-28Loan Status:
Ongoing LoanLender:
Zions Bank, A Division ofHCL 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.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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
6877 Wynnwood Ln
Houston, TX 77008
Business Industry:
Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance
NAICS code 811310
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as HCL Mechanical Services LLC.
Crel LLC
Site Preparation Contractors
Humphrey Company, LTD
All Other Specialty Trade Contractors
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).
Similar Nearby Businesses Who Received PPP Funding:
Gull Industries, Inc
Houston, TX
Fimatech Limited Liability Company
Houston, TX
Crawford Welding Technology Inc
Houston, TX
Houston Bearing & Supply Co Inc
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 22,180 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $2.26B 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 9 employees, 93% lower than HCL Mechanical Services LLC's reported 120 employees, and received an average PPP loan of $102,092, 95% lower than this company's loan of $2M.
HCL Mechanical Services LLC
Entity: Limited Liability Company (LLC)
Industry: General Automotive Repair
Location: Houston, TX
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HCL Mechanical Services LLC is a limited liability company (LLC) located at 6877 Wynwood Ln in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,157,275.00 in April, 2020.
$
PPP Loan Information
Loan #6589797105
Loan Size:
Jobs Retained:
156Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
PNC Bank, National AssociationHCL Mechanical Services LLC in Houston, TX received a Paycheck Protection Loan of $3.16M through PNC Bank, National Association, 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 August, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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 $15.15M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $97,147 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: $3,157,275
Business Information - HCL Mechanical Services LLC in Houston, TX
6877 Wynwood Ln
Houston, TX 77008
Business Industry:
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 33 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 156) and received an average PPP loan of $155,403 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
Engine World, Inc
Houston, TX
Shiftworks Corporation
Houston, TX
Wilfredo Castellanos
Houston, TX
Turn Me Loose Truck Repair LLC
Houston, TX
Marco Ruiz
Houston, TX
Darrail Rozier
Houston, TX
Z-Z Interests Incorporated
Houston, TX
European Cars Limited Inc
Houston, TX
Modern Aircooled LLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 93,576 businesses in the "General Automotive Repair" industry received a total of $3.91B 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 5 employees, 97% lower than HCL Mechanical Services LLC's reported 156 employees, and received an average PPP loan of $41,799, 99% lower than this company's loan of $3.16M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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