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PPP Loan Data — Piping Technology & Products, Inc., Houston, TX

SBA PPP loan data, payroll data, and salaries for Piping Technology & Products, Inc.
TX

Piping Technology & Products, Inc.

Entity: Corporation

Industry: All Other Miscellaneous Fabricated Metal Product Manufacturing

Location: Houston, TX

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Piping Technology & Products, Inc. is a corporation located at 3701 Holmes Rd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $4,579,289.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.58M

Jobs Retained:

460

Loan Approved:

2020-04-08

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Piping Technology & Products, Inc. in Houston, TX received a Paycheck Protection Loan of $4.58M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Piping Technology & Products, Inc.'s total 2019 payroll expenses were approximately $21.98M in order to qualify for the PPP loan amount received.

Based on their reported 460 jobs retained, this equals an estimated average yearly compensation of $47,784 per employee1.

Because the loan received by Piping Technology & Products, 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 - Piping Technology & Products, Inc. in Houston, TX

Piping Technology & Products, Inc.
3701 Holmes Rd
Houston, TX 77051

Business Industry

All Other Miscellaneous Fabricated Metal Product Manufacturing (NAICS code 332999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-09

Industry PPP Comparison Statistics

Nationwide, 4,328 businesses in the "All Other Miscellaneous Fabricated Metal Product Manufacturing" industry received a total of $1,219,008,137.00 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 22 employees, 95% lower than Piping Technology & Products, Inc.'s reported 460 employees, and received an average PPP loan of $281,656, 94% lower than this company's loan of $4.58M.

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.

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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/piping-technology-and-products-inc-houston-tx