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PPP Loan Data — Pegasus Holdco Group, LLC, Houston, TX

SBA PPP loan data, payroll data, and salaries for Pegasus Holdco Group, LLC
TX

Pegasus Holdco Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Support Activities for Oil and Gas Operations

Location: Houston, TX

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Pegasus Holdco Group, LLC is a limited liability company (LLC) located at 1210 Antoine Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,531,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.53M

Jobs Retained:

233

Loan Approved:

2020-04-07

Lender:

ORIGIN BANK

Pegasus Holdco Group, LLC received a Paycheck Protection Loan of $2.53M through ORIGIN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Pegasus Holdco Group, LLC's total 2019 payroll expenses were approximately $12.15M in order to qualify for the PPP loan amount received.

Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $52,149 per employee1.

Because the loan received by Pegasus Holdco Group, LLC 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 - Pegasus Holdco Group, LLC in Houston, TX

Pegasus Holdco Group, LLC
1210 Antoine Dr
Houston, TX 77055

Business Industry

Support Activities for Oil and Gas Operations (NAICS code 213112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-02

Similar Companies near Houston

In the Houston area, 26 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 233) and received an average PPP loan of $750,281 (compared to this company's $2.53M).

Industry PPP Comparison Statistics

Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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, 94% lower than Pegasus Holdco Group, LLC's reported 233 employees, and received an average PPP loan of $215,222, 91% lower than this company's loan of $2.53M.

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.

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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Source: www.federalpay.org/paycheck-protection-program/pegasus-holdco-group-llc-houston-tx