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PPP Loan Data — Piquete Cable LLC, Houston, TX

SBA PPP loan data, payroll data, and salaries for Piquete Cable LLC
TX

Piquete Cable LLC

Entity: Limited Liability Company (LLC)

Industry: Engineering Services

Location: Houston, TX

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Piquete Cable LLC is a limited liability company (LLC) located at 11211 Kitty Brook Dr in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $27,500.00 in April, 2020.

The company has reported itself as a Hispanic male owned business, and employed at least two people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$27,500

Jobs Retained:

2

Loan Approved:

2020-04-14

Lender:

COMERICA BANK

Piquete Cable LLC received a Paycheck Protection Loan of $27,500 through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Piquete Cable LLC's total 2019 payroll expenses were approximately $132,000 in order to qualify for the PPP loan amount received.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $66,000 per employee1.

Business Information - Piquete Cable LLC in Houston, TX

Piquete Cable LLC
11211 Kitty Brook Dr
Houston, TX 77071

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: HISPANIC

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-09

Similar Companies near Houston

In the Houston area, 18 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 2) and received an average PPP loan of $392,660 (compared to this company's $27,500).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 600% higher than Piquete Cable LLC's reported 2 employees, and received an average PPP loan of $249,856, 809% higher than this company's loan of $27,500.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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/piquete-cable-llc-houston-tx