PPP Loan Data — Petroleum Geo-Services Inc., Houston, TX
Petroleum Geo-Services Inc. is a corporation located at 15375 Memorial Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $5,953,458.00 in May, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:SPIRIT OF TEXAS BANK, SSB
Petroleum Geo-Services Inc. in Houston, TX received a Paycheck Protection Loan of $5.95M through SPIRIT OF TEXAS BANK, SSB, which was approved in May, 2020.
Based on standard PPP eligibility rules, Petroleum Geo-Services Inc.'s total 2019 payroll expenses were approximately $28.58M in order to qualify for the PPP loan amount received.
Unlike most businesses, Petroleum Geo-Services Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Petroleum Geo-Services Inc. in Houston, TX
15375 Memorial Dr
Houston, TX 77079
Geophysical Surveying and Mapping Services (NAICS code 541360)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 3 businesses in the "Geophysical Surveying and Mapping Services" industry received a PPP loan. These local businesses reported an average of 132 employees (compared to this company's 0) and received an average PPP loan of $4,326,701 (compared to this company's $5.95M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 797 businesses in the "Geophysical Surveying and Mapping Services" industry received a total of $145,490,014.00 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 11 employees, and received an average PPP loan of $182,547, 97% lower than this company's loan of $5.95M.
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Footnotes & Information
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