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PPP Loan Data — Society Of Petroleum Engineers (Spe) Inc.,
Richardson, TX
Society Of Petroleum Engineers (Spe) Inc.
Entity: Non-profit Organization
Industry: Professional Organizations
Location: Richardson, TX
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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
Loan Size:
Jobs Retained:
153Loan Approved:
2020-04-10Lender:
EAST WEST BANKSociety 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
Business Industry
Professional Organizations (NAICS code 813920)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-03Similar 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:
LPC, Inc
Richardson, TX
Fulcrum Nurse Consulting, LLC
Richardson, TX
Shawn W Chrisman
Richardson, TX
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.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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