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PPP Loan Data — Lauren Engineers & Constructors, Inc.,
Abilene, TX
Lauren Engineers & Constructors, Inc.
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Abilene, TX
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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
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-27Lender:
ORIGIN BANKLauren 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
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-19Similar 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.
Abilene, TX
Sipco, Inc
Abilene, TX
Meers Engineering, Inc.
Abilene, TX
Hlts Consulting, Inc.
Abilene, TX
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.
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, 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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