PPP Loan Data — Qwik Pipe, Inc., Houston, TX
Qwik Pipe, Inc.
Entity: Subchapter S Corporation
Location: Houston, TXTweet This • Search All PPP Data
Qwik Pipe, Inc. is a subchapter s corporation located at 1825 Upland Dr. in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,553,000.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
Qwik Pipe, Inc. received a Paycheck Protection Loan of $3.55M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Qwik Pipe, Inc.'s total 2019 payroll expenses were approximately $17.05M in order to qualify for the PPP loan amount received.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $88,825 per employee1.
Business Information - Qwik Pipe, Inc. in Houston, TX
1825 Upland Dr.
Houston, TX 77043
Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing (NAICS code 532412)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Industry PPP Comparison Statistics
Nationwide, 1,846 businesses in the "Construction, Mining, and Forestry Machinery and Equipment Rental and Leasing" industry received a total of $463,210,891.00 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 16 employees, 92% lower than Qwik Pipe, Inc.'s reported 192 employees, and received an average PPP loan of $250,927, 93% lower than this company's loan of $3.55M.
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Footnotes & Information
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