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PPP Loan Data — Star Pipe Products, LTD, Houston, TX

SBA PPP loan data, payroll data, and salaries for Star Pipe Products, LTD
TX

Star Pipe Products, LTD

Entity: Limited Liability Partnership

Industry: Iron Foundries

Location: Houston, TX

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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

Loan Size:

$3.23M

Jobs Retained:

245

Loan Approved:

2020-04-13

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.

Because the loan received by Star Pipe Products, LTD is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Star Pipe Products, LTD in Houston, TX

Star Pipe Products, LTD
4018 Westhollow Pkwy
Houston, TX 77082

Business Industry

Iron Foundries (NAICS code 331511)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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
Houston, TX

$2.41M PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/star-pipe-products-ltd-houston-tx