PPP Loan Data — Star Pipe Products, LTD, Houston, TX
Star Pipe Products, LTD is a limited liability partnership located at 4018 Westhollow Pkwy in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,230,957.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Star Pipe Products, LTD in Houston, TX received a Paycheck Protection Loan of $3.23M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Star Pipe Products, LTD's total 2019 payroll expenses were approximately $15.51M in order to qualify for the PPP loan amount received.
Based on their reported 245 jobs retained, this equals an estimated average yearly compensation of $63,300 per employee1.
Business Information - Star Pipe Products, LTD in Houston, TX
4018 Westhollow Pkwy
Houston, TX 77082
Iron Foundries (NAICS code 331511)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-09
Similar Companies near Houston
In the Houston area, 2 businesses in the "Iron Foundries" industry received a PPP loan. These local businesses reported an average of 232 employees (compared to this company's 245) and received an average PPP loan of $2,822,727 (compared to this company's $3.23M).
Similar Nearby Businesses Who Received PPP Funding:
Star Pipe USA, LLC
Industry PPP Comparison Statistics
Nationwide, 188 businesses in the "Iron Foundries" industry received a total of $107,481,342.00 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 42 employees, 83% lower than Star Pipe Products, LTD's reported 245 employees, and received an average PPP loan of $571,709, 82% lower than this company's loan of $3.23M.
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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