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PPP Loan Data — Steel Goode Products, LLC,
Houston, TX
Steel Goode Products, LLC
Entity: Limited Liability Company (LLC)
Industry: Oil and Gas Field Machinery and Equipment Manufacturing
Location: Houston, TX
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Steel Goode Products, LLC is a limited liability company (LLC) located at 6209 Romona Blvd in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $766,713.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
66Loan Approved:
2020-04-11Lender:
SOUTHSIDE BANKSteel Goode Products, LLC received a Paycheck Protection Loan of $766,713 through SOUTHSIDE BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Steel Goode Products, LLC's total 2019 payroll expenses were approximately $3.68M in order to qualify for the PPP loan amount received.
Based on their reported 66 jobs retained, this equals an estimated average yearly compensation of $55,761 per employee1.
Business Information - Steel Goode Products, LLC in Houston, TX
6209 Romona Blvd
Houston, TX 77086
Business Industry
Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-18Similar Companies near Houston
In the Houston area, 9 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 66) and received an average PPP loan of $621,909 (compared to this company's $766,713).
Similar Nearby Businesses Who Received PPP Funding:
American Block Company
Houston, TX
Kelbro Inc.
Houston, TX
Wolverine Oilfield Technologies, LLC
Houston, TX
Omega Equipment LLC
Houston, TX
G & R Oilfield Supply
Houston, TX
BCP Group Artificial Lift Inc
Houston, TX
Maxwell Bailer Corp
Houston, TX
Axon Employee Holdings, Inc.
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 893 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $361,454,588.00 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 25 employees, 62% lower than Steel Goode Products, LLC's reported 66 employees, and received an average PPP loan of $404,764, 47% lower than this company's loan of $766,713.
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. 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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