PPP Loan Data — Lauren Engineers & Constructors, Inc., Abilene, TX
Lauren Engineers & Constructors, Inc. is a subchapter s corporation located at 901 1st Street in Abilene, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lauren Engineers & Constructors, Inc. in Abilene, TX received a Paycheck Protection Loan of $10M through ORIGIN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lauren Engineers & Constructors, 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 - Lauren Engineers & Constructors, Inc. in Abilene, TX
901 1st Street
Abilene, TX 79602
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-19
Similar Companies near Abilene
In the Abilene area, 5 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 500) and received an average PPP loan of $2,171,517 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
ND White Engineering Services, Inc.
Meers Engineering, Inc.
Hlts Consulting, Inc.
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 97% lower than Lauren Engineers & Constructors, Inc.'s reported 500 employees, and received an average PPP loan of $249,856, 98% lower than this company's loan of $10M.
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Footnotes & Information
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