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PPP Loan Data — Refined Technologies Inc,
Spring, TX
Refined Technologies Inc
Entity: Corporation
Industry: Process, Physical Distribution, and Logistics Consulting Services
Location: Spring, TX
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Refined Technologies Inc is a corporation located at 480 Wildwood Forest Dr Ste 400 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.
The company has reported itself as a male owned business, and employed at least 206 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5270478909
Loan Size:
Jobs Retained:
206Loan Approved:
2021-04-29Loan Status:
Ongoing LoanLender:
BancFirstRefined Technologies Inc in Spring, TX received a Paycheck Protection Loan of $2M through BancFirst, which was approved in April, 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 MoreUnderstanding 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 MoreBased 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, Refined Technologies Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $46,602 per employee1
Reported PPP Proceed Usage:
On the PPP application, Refined Technologies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Refined Technologies Inc in Spring, TX
480 Wildwood Forest Dr Ste 400
Spring, TX 77380
Business Industry:
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Refined Technologies Inc.
Southern Brush LLC
Landscaping Services
Similar Companies near Spring
In the Spring area, 8 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 206) and received an average PPP loan of $767,471 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Mythuy Cieslar DBA Mythuy Cieslar
The Woodlands, TX
American Slickline Tools, Inc
Spring, TX
Blanton Advisors, LLC
Spring, TX
Marvin Baquero
The Woodlands, TX
LEO Tolbert
The Woodlands, TX
Industry PPP Comparison Statistics
Nationwide, 10,180 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $912.74M 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 8 employees, 96% lower than Refined Technologies Inc's reported 206 employees, and received an average PPP loan of $89,660, 96% lower than this company's loan of $2M.
Refined Technologies Inc
Entity: Corporation
Industry: Process, Physical Distribution, and Logistics Consulting Services
Location: Spring, TX
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•
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Refined Technologies Inc is a corporation located at 480 Wildwood Forest Dr, Suite 400 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $4,052,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 206 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7568217003
Loan Size:
Jobs Retained:
206Loan Approved:
2020-04-07Loan Status:
Paid in Full or ForgivenLender:
BancFirstRefined Technologies Inc in Spring, TX received a Paycheck Protection Loan of $4.05M through BancFirst, 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 MoreUnderstanding 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 MoreBased 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, Refined Technologies Inc's 2019 payroll expenses are estimated to be at least $19.45M.
Based on their reported 206 jobs retained, this equals an estimated average yearly compensation of $94,420 per employee1
Reported PPP Proceed Usage:
On the PPP application, Refined Technologies Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,052,200
Business Information - Refined Technologies Inc in Spring, TX
480 Wildwood Forest Dr, Suite 400
Spring, TX 77380
Business Industry:
Process, Physical Distribution, and Logistics Consulting Services
NAICS code 541614
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Spring
In the Spring area, 8 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 206) and received an average PPP loan of $767,471 (compared to this company's $4.05M).
Similar Nearby Businesses Who Received PPP Funding:
Mythuy Cieslar DBA Mythuy Cieslar
The Woodlands, TX
American Slickline Tools, Inc
Spring, TX
Blanton Advisors, LLC
Spring, TX
Marvin Baquero
The Woodlands, TX
LEO Tolbert
The Woodlands, TX
Industry PPP Comparison Statistics
Nationwide, 10,180 businesses in the "Process, Physical Distribution, and Logistics Consulting Services" industry received a total of $912.74M 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 8 employees, 96% lower than Refined Technologies Inc's reported 206 employees, and received an average PPP loan of $89,660, 98% lower than this company's loan of $4.05M.
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.
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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