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PPP Loan Data — Moore Control Systems, Inc., Katy, TX

SBA PPP loan data, payroll data, and salaries for Moore Control Systems, Inc.
TX

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 Size:

$7.81M

Jobs Retained:

398

Loan Approved:

2020-04-08

Lender:

VISTA BANK

Moore Control Systems, Inc. in Katy, TX received a Paycheck Protection Loan of $7.81M through VISTA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Moore Control Systems, Inc.'s total 2019 payroll expenses were approximately $37.48M in order to qualify for the PPP loan amount received.

Based on their reported 398 jobs retained, this equals an estimated average yearly compensation of $94,176 per employee1.

Because the loan received by Moore Control Systems, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Moore Control Systems, Inc. in Katy, TX

Moore Control Systems, Inc.
1435 Katy Flewellen Rd
Katy, TX 77494

Business Industry

Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-22

Similar Companies near Katy

In the Katy area, 5 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 398) and received an average PPP loan of $1,601,105 (compared to this company's $7.81M).

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, 94% lower than Moore Control Systems, Inc.'s reported 398 employees, and received an average PPP loan of $404,764, 95% 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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/moore-control-systems-inc-katy-tx