PPP Loan Data — Karsten Interior Services, LP, Houston, TX
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
Karsten 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
Drywall and Insulation Contractors (NAICS code 238310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Similar 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.
Charter Drywall, Inc.
Texas Premier Drywall Systems, LLC
Charter Drywall Houston, Inc.
Charter Drywall Atlanta, Inc.
Charter Commercial Drywall, Inc.
Triple J Insulation Services LLC
Charter Drywall Denver, Inc.
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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