PPP Loan Data — Ryder Scott Company LP, Houston, TX
Ryder Scott Company LP is a limited liability partnership located at 1100 Louisiana St Ste 3800 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,788,882.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Ryder Scott Company LP received a Paycheck Protection Loan of $2.79M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 109 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 134.
Based on standard PPP eligibility rules, Ryder Scott Company LP's total 2019 payroll expenses were approximately $13.39M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 109 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Ryder Scott Company LP in Houston, TX
1100 Louisiana St Ste 3800
Houston, TX 77002
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-18
Similar Companies near Houston
In the Houston area, 14 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 109) and received an average PPP loan of $320,896 (compared to this company's $2.79M).
Similar Nearby Businesses Who Received PPP Funding:
Partners Energy Group, LLC
Petram Consulting LLC
Rachel H Deskin
Fulcrum Reliability Systems, LLC
Matrice America Corp
Zarinkelk Engineering Services Inc
Traffic Engineers Inc
Molitoris Group, Inc
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 87% lower than Ryder Scott Company LP's reported 109 employees, and received an average PPP loan of $249,856, 91% lower than this company's loan of $2.79M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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