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PPP Loan Data — Moore Control Systems Inc,
Katy, TX
Moore Control Systems Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Katy, TX
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Moore Control Systems Inc is a corporation located at 1435 Katy Flewellen Rd in Katy, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 136 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5627538308
Loan Size:
Jobs Retained:
136Loan Approved:
2021-01-25Loan Status:
Paid in Full or ForgivenLender:
Vista BankMoore Control Systems Inc in Katy, TX received a Paycheck Protection Loan of $2M through Vista Bank, which was approved in January, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2022.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Moore Control Systems Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 136 jobs retained, this equals an estimated average yearly compensation of $70,588 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moore Control Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Moore Control Systems Inc in Katy, TX
1435 Katy Flewellen Rd
Katy, TX 77494
Business Industry:
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Katy
In the Katy area, 47 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 136) and received an average PPP loan of $155,862 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Felix The AV Specialist LLC
Katy, TX
Sain Electrical Services Company LLC
Katy, TX
KKB Group LLC
Katy, TX
Trimlight Houston
Katy, TX
Rodney Pinder
Katy, TX
Juan Narro
Katy, TX
Marsh Electric LLC
Katy, TX
Henry Power Electric LLC
Katy, TX
C&J Electrical Construction
Katy, TX
Industry PPP Comparison Statistics
Nationwide, 81,488 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.75B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 92% lower than Moore Control Systems Inc's reported 136 employees, and received an average PPP loan of $144,185, 93% lower than this company's loan of $2M.
Moore Control Systems, Inc
Entity: Corporation
Industry: Oil and Gas Field Machinery and Equipment Manufacturing
Location: Katy, TX
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Moore Control Systems, Inc is a corporation located at 1435 Katy Flewellen Rd in Katy, Texas that received a Coronavirus-related PPP loan from the SBA of $7,808,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 398 people during the applicable loan loan period.
$
PPP Loan Information
Loan #8482287006
Loan Size:
Jobs Retained:
398Loan Approved:
2020-04-08Loan Status:
Paid in Full or ForgivenLender:
Vista BankMoore Control Systems, Inc in Katy, TX received a Paycheck Protection Loan of $7.81M through Vista Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Moore Control Systems, Inc's 2019 payroll expenses are estimated to be at least $37.48M.
Based on their reported 398 jobs retained, this equals an estimated average yearly compensation of $94,176 per employee1
Reported PPP Proceed Usage:
On the PPP application, Moore Control Systems, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,808,800
Business Information - Moore Control Systems, Inc in Katy, TX
1435 Katy Flewellen Rd
Katy, TX 77494
Business Industry:
Oil and Gas Field Machinery and Equipment Manufacturing
NAICS code 333132
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Katy
In the Katy area, 9 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 398) and received an average PPP loan of $970,264 (compared to this company's $7.81M).
Similar Nearby Businesses Who Received PPP Funding:
Engineered Custom Solutions LLC
Katy, TX
Dariusz Dwornik
Katy, TX
PC3 Technologies, LLC
Katy, TX
Robert Williams
Katy, TX
DN Engineered Equipment Inc
Katy, TX
Landsiyon Inc
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 1,611 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $549.94M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 23 employees, 94% lower than Moore Control Systems, Inc's reported 398 employees, and received an average PPP loan of $341,364, 96% lower than this company's loan of $7.81M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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