PPP Loan Data — Island Operating Company, Inc., Houston, TX
Island Operating Company, Inc. is a subchapter s corporation located at 770 South Post Oak Lane #400 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Island Operating Company, Inc. received a Paycheck Protection Loan of $10M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Island Operating Company, Inc.'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 - Island Operating Company, Inc. in Houston, TX
770 South Post Oak Lane #400
Houston, TX 77056
Crude Petroleum Extraction (NAICS code 211120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 20 businesses in the "Crude Petroleum Extraction " industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 500) and received an average PPP loan of $852,472 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Mark L. Shidler, Inc.
Auterra Energy, LLC
PO&G Operating, LLC
Sozo Natural Resources LLC
Golden Oil Company
Navitas Petroleum Us LLC
Manti Tarka Permian LP
Compadre Resources, LLC
Industry PPP Comparison Statistics
Nationwide, 2,633 businesses in the "Crude Petroleum Extraction " industry received a total of $383,891,055.00 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 8 employees, 98% lower than Island Operating Company, Inc.'s reported 500 employees, and received an average PPP loan of $145,800, 99% lower than this company's loan of $10M.
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