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PPP Loan Data — Kinetic Pressure Control Limited, Houston, TX

ALERT: There are 2 PPP loans for a total of $1.3M in our database for businesses with the name "Kinetic Pressure Control Limited" in Houston, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Kinetic Pressure Control Limited
TX

Kinetic Pressure Control Limited

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Houston, TX

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Kinetic Pressure Control Limited is a corporation located at 6900 Thrustmaster Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $613,968.00 in January, 2021.

$ PPP Loan Information
Loan #1330048304

Loan Size:

$613,968

Jobs Retained:

27

Loan Approved:

2021-01-16

Loan Status:

Paid in Full or Forgiven

Lender:

Gulf Capital Bank
Likely Employment Reduction3

Kinetic Pressure Control Limited in Houston, TX received a Paycheck Protection Loan of $613,968 through Gulf Capital Bank, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 27 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 29. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Kinetic Pressure Control Limited's 2019 payroll expenses are estimated to be at least $2.95M (not accounting for salary amounts > $100k).

Because the 27 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Kinetic Pressure Control Limited reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $613,966
  • Utilities: $1

Business Information - Kinetic Pressure Control Limited in Houston, TX

Kinetic Pressure Control Limited
6900 Thrustmaster Dr
Houston, TX 77041

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 72 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 27) and received an average PPP loan of $589,336 (compared to this company's $613,968).

Industry PPP Comparison Statistics

Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 12 employees, 56% lower than Kinetic Pressure Control Limited's reported 27 employees, and received an average PPP loan of $185,324, 70% lower than this company's loan of $613,968.

SBA PPP loan data, payroll data, and salaries for Kinetic Pressure Control Limited
TX

Kinetic Pressure Control Limited

Entity: Corporation

Industry: Oil and Gas Field Machinery and Equipment Manufacturing

Location: Houston, TX

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Kinetic Pressure Control Limited is a corporation located at 6900 Thrustmaster Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $685,910.00 in April, 2020.

$ PPP Loan Information
Loan #5498407006

Loan Size:

$685,910

Jobs Retained:

29

Loan Approved:

2020-04-05

Loan Status:

Paid in Full or Forgiven

Lender:

Gulf Capital Bank
Likely Employment Reduction3

Kinetic Pressure Control Limited in Houston, TX received a Paycheck Protection Loan of $685,910 through Gulf Capital Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 29 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 33. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Kinetic Pressure Control Limited's 2019 payroll expenses are estimated to be at least $3.29M (not accounting for salary amounts > $100k).

Because the 29 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Kinetic Pressure Control Limited reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $548,728
  • Utilities: $68,591
  • Rent: $68,591

Business Information - Kinetic Pressure Control Limited in Houston, TX

Kinetic Pressure Control Limited
6900 Thrustmaster Dr
Houston, TX 77041

Business Industry:
Oil and Gas Field Machinery and Equipment Manufacturing
NAICS code 333132

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 62 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 29) and received an average PPP loan of $479,613 (compared to this company's $685,910).

Industry PPP Comparison Statistics

Nationwide, 1,611 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $549.94M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 23 employees, 21% lower than Kinetic Pressure Control Limited's reported 29 employees, and received an average PPP loan of $341,364, 50% lower than this company's loan of $685,910.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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Source: www.federalpay.org/paycheck-protection-program/kinetic-pressure-control-limited-houston-tx