PPP Loan Data — MTZ Concrete Pump LLC, Houston, TX
MTZ Concrete Pump LLC
Location: Houston, TXTweet This • Search All PPP Data
MTZ Concrete Pump LLC is a corporation located at 2646 Royal Place Ct in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
MTZ Concrete Pump LLC in Houston, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, MTZ Concrete Pump LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, MTZ Concrete Pump LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - MTZ Concrete Pump LLC in Houston, TX
2646 Royal Place Ct
Houston, TX 77088
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Ethnicity: Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 8 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $148,039 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Texan Pumpers Company, LLC
Industry PPP Comparison Statistics
Nationwide, 21,801 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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 13 employees, 225% higher than MTZ Concrete Pump LLC's reported 4 employees, and received an average PPP loan of $138,620, 454% higher than this company's loan of $25,000.
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Footnotes & Information
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