FederalPay.org
PPP Loan Data — Letsos Company,
Houston, TX
Letsos Company
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Houston, TX
Tweet This
•
Search All PPP Data
Letsos Company is a subchapter s corporation located at 8435 Westglen Drive in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $7,271,670.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
375Loan Approved:
2020-04-10Lender:
JPMORGAN CHASE BANK, NATIONAL ASSOCIATIONLetsos Company received a Paycheck Protection Loan of $7.27M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Letsos Company's total 2019 payroll expenses were approximately $34.9M in order to qualify for the PPP loan amount received.
Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $93,077 per employee1.
Business Information - Letsos Company in Houston, TX
8435 Westglen Drive
Houston, TX 77063
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-07Similar Companies near Houston
In the Houston area, 30 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 375) and received an average PPP loan of $819,477 (compared to this company's $7.27M).
Similar Nearby Businesses Who Received PPP Funding:
JB Irrigation And Services
Houston, TX
Mchenry Mechanical & Energy Management, Inc.
Houston, TX
Iceberg AC Heating LLC
Houston, TX
Premier Mechanical Inc
Houston, TX
Air Plus LLC
Houston, TX
MAS Mechanical LLC
Houston, TX
Infinity Systems Inc
Houston, TX
A&M Mechanical
Houston, TX
T & M Mechanical Services, Inc.
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 97% lower than Letsos Company's reported 375 employees, and received an average PPP loan of $154,981, 98% lower than this company's loan of $7.27M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!