PPP Loan Data — Lipsey Communications, LLC, Houston, TX
Lipsey Communications, LLC
Entity: Limited Liability Company (LLC)
Location: Houston, TXTweet This • Search All PPP Data
Lipsey Communications, LLC is a limited liability company (LLC) located at 7026 Old Katy Rd, Ste 201 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lipsey Communications, LLC received a Paycheck Protection Loan of $10M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lipsey Communications, LLC'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 - Lipsey Communications, LLC in Houston, TX
7026 Old Katy Rd, Ste 201
Houston, TX 77024
Wireless Telecommunications Carriers (except Satellite) (NAICS code 517312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Industry PPP Comparison Statistics
Nationwide, 2,003 businesses in the "Wireless Telecommunications Carriers (except Satellite)" industry received a total of $261,156,310.00 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 13 employees, 97% lower than Lipsey Communications, LLC's reported 500 employees, and received an average PPP loan of $130,383, 99% lower than this company's loan of $10M.
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Footnotes & Information
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