PPP Loan Data — Power Plumbing, Inc, Hockley, TX
Power Plumbing, Inc
Entity: Employee Stock Ownership Plan (esop)
Location: Hockley, TXTweet This • Search All PPP Data
Power Plumbing, Inc is an employee stock ownership plan (esop) located at 36310 Hempstead Rd in Hockley, Texas that received a Coronavirus-related PPP loan from the SBA of $3,265,400.00 in April, 2020.
$ PPP Loan Information
Power Plumbing, Inc in Hockley, TX received a Paycheck Protection Loan of $3.27M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Power Plumbing, Inc's total 2019 payroll expenses were approximately $15.67M in order to qualify for the PPP loan amount received.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $56,790 per employee1.
Business Information - Power Plumbing, Inc in Hockley, TX
36310 Hempstead Rd
Hockley, TX 77447
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-10
Similar Companies near Hockley
In the Hockley area, 9 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 276) and received an average PPP loan of $428,873 (compared to this company's $3.27M).
Similar Nearby Businesses Who Received PPP Funding:
Trademark Plumbling Inc
Plumb Crazy Systems
Crown Elite Plumbing LLC
Cruz Galvan, Juan Carlos DBA Jcruz Plumbing
Antonio Medina Soto
American HVAC Inc
Go Green Plumbing LLC
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Power Plumbing, Inc's reported 276 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $3.27M.
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.
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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