PPP Loan Data — Houston Engineering, Inc., Fargo, ND
Houston Engineering, Inc. is a corporation located at 1401 21st Ave N. in Fargo, North Dakota that received a Coronavirus-related PPP loan from the SBA of $2,800,000.00 in April, 2020.
$ PPP Loan Information
Houston Engineering, Inc. in Fargo, ND received a Paycheck Protection Loan of $2.8M through BELL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Houston Engineering, Inc.'s total 2019 payroll expenses were approximately $13.44M in order to qualify for the PPP loan amount received.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1.
Business Information - Houston Engineering, Inc. in Fargo, ND
1401 21st Ave N.
Fargo, ND 58102
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ND-
Similar Companies near Fargo
In the Fargo area, 16 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 224) and received an average PPP loan of $454,527 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
QED Embedded, LLC
Solien & Larson Engineering, Inc.
MBN Engineering, Inc.
Martin Mechanical Design Inc
Building Systems Holdings, Inc.
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 94% lower than Houston Engineering, Inc.'s reported 224 employees, and received an average PPP loan of $249,856, 91% lower than this company's loan of $2.8M.
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Footnotes & Information
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