PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Raven Mechanical LP, Houston, TX

ALERT: There are 2 PPP loans for a total of $4.68M in our database for businesses with the name "Raven Mechanical LP" in Houston, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Raven Mechanical LP
TX

Raven Mechanical LP

Entity: Limited Liability Partnership

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Houston, TX

Search All PPP Data

Raven Mechanical LP is a limited liability partnership located at 1618 Buschong St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

The company has reported itself as a White male owned business, and employed at least 152 people during the applicable loan loan period.

$ PPP Loan Information
Loan #7087188307

Loan Size:

$2M

Jobs Retained:

152

Loan Approved:

2021-01-27

Loan Status:

Ongoing Loan

Lender:

Frost Bank

Raven Mechanical LP in Houston, TX received a Paycheck Protection Loan of $2M through Frost Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Raven Mechanical LP's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $63,158 per employee1

Reported PPP Proceed Usage:

On the PPP application, Raven Mechanical LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,996
  • Utilities: $1
Because the loan received by Raven Mechanical LP 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 - Raven Mechanical LP in Houston, TX

Raven Mechanical LP
1618 Buschong St
Houston, TX 77039

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-29

Similar Companies near Houston

In the Houston area, 15 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 152) and received an average PPP loan of $383,017 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 93% lower than Raven Mechanical LP's reported 152 employees, and received an average PPP loan of $125,397, 94% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Raven Mechanical, LP
TX

Raven Mechanical, LP

Entity: Limited Liability Partnership

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Houston, TX

Search All PPP Data

Raven Mechanical, LP is a limited liability partnership located at 1618 Buschong St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,681,800.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 226 people during the applicable loan loan period.

$ PPP Loan Information
Loan #9692747005

Loan Size:

$2.68M

Jobs Retained:

226

Loan Approved:

2020-04-09

Loan Status:

Paid in Full or Forgiven

Lender:

Frost Bank

Raven Mechanical, LP in Houston, TX received a Paycheck Protection Loan of $2.68M through Frost Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Raven Mechanical, LP's 2019 payroll expenses are estimated to be at least $12.87M.

Based on their reported 226 jobs retained, this equals an estimated average yearly compensation of $56,959 per employee1

Reported PPP Proceed Usage:

On the PPP application, Raven Mechanical, LP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,681,800
Because the loan received by Raven Mechanical, LP 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 - Raven Mechanical, LP in Houston, TX

Raven Mechanical, LP
1618 Buschong St
Houston, TX 77039

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-29

Similar Companies near Houston

In the Houston area, 15 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 226) and received an average PPP loan of $383,017 (compared to this company's $2.68M).

Industry PPP Comparison Statistics

Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 10 employees, 96% lower than Raven Mechanical, LP's reported 226 employees, and received an average PPP loan of $125,397, 95% lower than this company's loan of $2.68M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/raven-mechanical-lp-houston-tx