PPP Loan Data — Society Of Petroleum Engineers (Spe) Inc., Richardson, TX
Society Of Petroleum Engineers (Spe) Inc. is a non-profit organization located at 222 Palisades Creek Dr in Richardson, Texas that received a Coronavirus-related PPP loan from the SBA of $3,050,800.00 in April, 2020.
The company has reported itself as a White male owned non-profit, and employed at least 153 people during the applicable loan loan period.
$ PPP Loan Information
Lender:EAST WEST BANK
Society Of Petroleum Engineers (Spe) Inc. in Richardson, TX received a Paycheck Protection Loan of $3.05M through EAST WEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Society Of Petroleum Engineers (Spe) Inc.'s total 2019 payroll expenses were approximately $14.64M in order to qualify for the PPP loan amount received.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $95,711 per employee1.
Business Information - Society Of Petroleum Engineers (Spe) Inc. in Richardson, TX
222 Palisades Creek Dr
Richardson, TX 75080
Professional Organizations (NAICS code 813920)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-03
Similar Companies near Richardson
In the Richardson area, 4 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 153) and received an average PPP loan of $850,725 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 5,854 businesses in the "Professional Organizations" industry received a total of $547,492,722.00 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 7 employees, 95% lower than Society Of Petroleum Engineers (Spe) Inc.'s reported 153 employees, and received an average PPP loan of $93,525, 97% lower than this company's loan of $3.05M.
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