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PPP Loan Data — Liberty Lift Solutions, LLC,
Houston, TX
Liberty Lift Solutions, LLC
Entity: Limited Liability Company (LLC)
Industry: Oil and Gas Field Machinery and Equipment Manufacturing
Location: Houston, TX
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Liberty Lift Solutions, LLC is a limited liability company (LLC) located at 16420 Park Ten Place in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $4,694,200.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
293Loan Approved:
2020-04-08Lender:
PNC BANK, NATIONAL ASSOCIATIONLiberty Lift Solutions, LLC in Houston, TX received a Paycheck Protection Loan of $4.69M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Liberty Lift Solutions, LLC's total 2019 payroll expenses were approximately $22.53M in order to qualify for the PPP loan amount received.
Based on their reported 293 jobs retained, this equals an estimated average yearly compensation of $76,902 per employee1.
Business Information - Liberty Lift Solutions, LLC in Houston, TX
16420 Park Ten Place
Houston, TX 77084
Business Industry
Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-07Similar Companies near Houston
In the Houston area, 6 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 293) and received an average PPP loan of $1,269,525 (compared to this company's $4.69M).
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Industry PPP Comparison Statistics
Nationwide, 893 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $361,454,588.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 25 employees, 91% lower than Liberty Lift Solutions, LLC's reported 293 employees, and received an average PPP loan of $404,764, 91% lower than this company's loan of $4.69M.
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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