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PPP Loan Data — Karsten Interior Services, LP,
Houston, TX
Karsten Interior Services, LP
Entity: Partnership
Industry: Drywall and Insulation Contractors
Location: Houston, TX
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Karsten Interior Services, LP is a partnership located at 1711 Townhurst Drive in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $4,588,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
367Loan Approved:
2020-04-08Lender:
COMERICA BANKKarsten Interior Services, LP received a Paycheck Protection Loan of $4.59M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Karsten Interior Services, LP's total 2019 payroll expenses were approximately $22.02M in order to qualify for the PPP loan amount received.
Based on their reported 367 jobs retained, this equals an estimated average yearly compensation of $60,007 per employee1.
Business Information - Karsten Interior Services, LP in Houston, TX
1711 Townhurst Drive
Houston, TX 77043
Business Industry
Drywall and Insulation Contractors (NAICS code 238310)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-02Similar Companies near Houston
In the Houston area, 9 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 49 employees (compared to this company's 367) and received an average PPP loan of $596,794 (compared to this company's $4.59M).
Similar Nearby Businesses Who Received PPP Funding:
Charter Drywall Dallas, Inc.
Houston, TX
Charter Drywall, Inc.
Houston, TX
Texas Premier Drywall Systems, LLC
Houston, TX
Charter Drywall Houston, Inc.
Houston, TX
Charter Drywall Atlanta, Inc.
Houston, TX
Charter Commercial Drywall, Inc.
Houston, TX
Triple J Insulation Services LLC
Houston, TX
Charter Drywall Denver, Inc.
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, 96% lower than Karsten Interior Services, LP's reported 367 employees, and received an average PPP loan of $192,711, 96% lower than this company's loan of $4.59M.
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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