PPP Loan Data — Letsos Company, Houston, TX
Entity: Subchapter S Corporation
Location: Houston, TXTweet 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
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Letsos 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
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-07
Similar 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
Mchenry Mechanical & Energy Management, Inc.
Iceberg AC Heating LLC
Premier Mechanical Inc
Air Plus LLC
MAS Mechanical LLC
Infinity Systems Inc
T & M Mechanical Services, Inc.
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.
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