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PPP Loan Data — Ryder Scott Company LP,
Houston, TX
Ryder Scott Company LP
Entity: Limited Liability Partnership
Industry: Engineering Services
Location: Houston, TX
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Ryder Scott Company LP is a limited liability partnership located at 1100 Louisiana St Ste 4600 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #1222018603
Loan Size:
Jobs Retained:
110Loan Approved:
2021-03-12Loan Status:
Ongoing LoanLender:
Bank of America, National AssociationRyder Scott Company LP in Houston, TX received a Paycheck Protection Loan of $2M through Bank of America, National Association, which was approved in March, 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, Ryder Scott Company LP's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $87,273 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ryder Scott Company LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Ryder Scott Company LP in Houston, TX
1100 Louisiana St Ste 4600
Houston, TX 77002
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 29 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 110) and received an average PPP loan of $300,358 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
David Garcia
Houston, TX
Cavern Solutions Inc
Houston, TX
Zarinkelk Engineering Services Inc
Houston, TX
Vision Transmedia
Houston, TX
Rachel Deskin
Houston, TX
E&C Engineers & Consultants Inc
Houston, TX
Petram Consulting LLC
Houston, TX
Harris Subsea LLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B 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 13 employees, 88% lower than Ryder Scott Company LP's reported 110 employees, and received an average PPP loan of $196,935, 90% lower than this company's loan of $2M.
Ryder Scott Company LP
Entity: Limited Liability Partnership
Industry: Engineering Services
Location: Houston, TX
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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
Loan #2416407206
Loan Size:
Jobs Retained:
109Loan Approved:
2020-04-16Loan Status:
Paid in Full or ForgivenLender:
Bank of America, National AssociationRyder Scott Company LP in Houston, TX received a Paycheck Protection Loan of $2.79M through Bank of America, National Association, 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.
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.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 134. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Ryder Scott Company LP's 2019 payroll expenses are estimated to be at least $13.39M (not accounting for salary amounts > $100k).
Because the 109 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Ryder Scott Company LP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,788,882
Business Information - Ryder Scott Company LP in Houston, TX
1100 Louisiana St Ste 3800
Houston, TX 77002
Business Industry:
Engineering Services
NAICS code 541330
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 29 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 $300,358 (compared to this company's $2.79M).
Similar Nearby Businesses Who Received PPP Funding:
David Garcia
Houston, TX
Cavern Solutions Inc
Houston, TX
Zarinkelk Engineering Services Inc
Houston, TX
Vision Transmedia
Houston, TX
Rachel Deskin
Houston, TX
E&C Engineers & Consultants Inc
Houston, TX
Petram Consulting LLC
Houston, TX
Harris Subsea LLC
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 46,579 businesses in the "Engineering Services" industry received a total of $9.17B 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 13 employees, 88% lower than Ryder Scott Company LP's reported 109 employees, and received an average PPP loan of $196,935, 93% lower than this company's loan of $2.79M.
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.
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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