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PPP Loan Data — Power Rental Solutions, LLC, Pearland, TX

SBA PPP loan data, payroll data, and salaries for Power Rental Solutions, LLC
TX

Power Rental Solutions, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Commercial and Industrial Machinery and Equipment Rental and Leasing

Location: Pearland, TX

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Power Rental Solutions, LLC is a limited liability company (LLC) located at 4300 Rice Drier Road in Pearland, Texas that received a Coronavirus-related PPP loan from the SBA of $2,445,185.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.45M

Jobs Retained:

122

Loan Approved:

2020-04-14

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Power Rental Solutions, LLC received a Paycheck Protection Loan of $2.45M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Power Rental Solutions, LLC's total 2019 payroll expenses were approximately $11.74M in order to qualify for the PPP loan amount received.

Based on their reported 122 jobs retained, this equals an estimated average yearly compensation of $96,204 per employee1.

Because the loan received by Power Rental Solutions, 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 - Power Rental Solutions, LLC in Pearland, TX

Power Rental Solutions, LLC
4300 Rice Drier Road
Pearland, TX 77581

Business Industry

Other Commercial and Industrial Machinery and Equipment Rental and Leasing (NAICS code 532490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TX-22

Industry PPP Comparison Statistics

Nationwide, 4,159 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $707,533,609.00 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, 89% lower than Power Rental Solutions, LLC's reported 122 employees, and received an average PPP loan of $170,121, 93% lower than this company's loan of $2.45M.

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.

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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/power-rental-solutions-llc-pearland-tx