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PPP Loan Data — Icon Information Consultants, LP,
Houston, TX
Icon Information Consultants, LP
Entity: Sole Proprietorship
Industry: Employment Placement Agencies
Location: Houston, TX
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Icon Information Consultants, LP is a sole proprietorship located at 100 Waugh Drive Suite 300 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-05-01Lender:
ZIONS BANK, A DIVISION OFIcon Information Consultants, LP received a Paycheck Protection Loan of $10M through ZIONS BANK, A DIVISION OF, which was approved in May, 2020.
Based on standard PPP eligibility rules, Icon Information Consultants, LP's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Icon Information Consultants, LP in Houston, TX
100 Waugh Drive Suite 300
Houston, TX 77007
Business Industry
Employment Placement Agencies (NAICS code 561311)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-02Similar Companies near Houston
In the Houston area, 13 businesses in the "Employment Placement Agencies" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 500) and received an average PPP loan of $900,473 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
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Ascend National LLC
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LPC Personnel Staffing, Inc.
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Teqforce, Inc.
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Viking Ventures, LLC
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Mcdermott And Wiedemann, LLC
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Industry PPP Comparison Statistics
Nationwide, 7,294 businesses in the "Employment Placement Agencies" industry received a total of $2,648,453,106.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 38 employees, 92% lower than Icon Information Consultants, LP's reported 500 employees, and received an average PPP loan of $363,100, 96% lower than this company's loan of $10M.
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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