PPP Loan Data — Hydro Resources Holdings, Inc, Sugar Land, TX
Hydro Resources Holdings, Inc
Location: Sugar Land, TXTweet This • Search All PPP Data
Hydro Resources Holdings, Inc is a corporation located at 1 Sugar Creek Center Blvd in Sugar Land, Texas that received a Coronavirus-related PPP loan from the SBA of $5,078,300.00 in April, 2020.
$ PPP Loan Information
Hydro Resources Holdings, Inc received a Paycheck Protection Loan of $5.08M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hydro Resources Holdings, Inc's total 2019 payroll expenses were approximately $24.38M in order to qualify for the PPP loan amount received.
Based on their reported 336 jobs retained, this equals an estimated average yearly compensation of $72,547 per employee1.
Business Information - Hydro Resources Holdings, Inc in Sugar Land, TX
1 Sugar Creek Center Blvd
Sugar Land, TX 77478
Water and Sewer Line and Related Structures Construction (NAICS code 237110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-22
Similar Companies near Sugar Land
In the Sugar Land area, 4 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 140 employees (compared to this company's 336) and received an average PPP loan of $2,100,587 (compared to this company's $5.08M).
Similar Nearby Businesses Who Received PPP Funding:
Dimension Energy Services, LLC
Sugar Land, TX
Jimerson Underground, Inc.
Fort Bend Services Inc
Industry PPP Comparison Statistics
Nationwide, 5,092 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1,334,037,195.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 17 employees, 95% lower than Hydro Resources Holdings, Inc's reported 336 employees, and received an average PPP loan of $261,987, 95% lower than this company's loan of $5.08M.
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.
Footnotes & Information
1. 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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