PPP Loan Data — Storm Water Solutions LLC, Houston, TX
Storm Water Solutions LLC is a limited liability company (LLC) located at 16110 Hollister St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $1,978,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Storm Water Solutions LLC in Houston, TX received a Paycheck Protection Loan of $1.98M through Frost Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Storm Water Solutions LLC's 2019 payroll expenses are estimated to be at least $9.5M.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $52,463 per employee1
Reported PPP Proceed Usage:
On the PPP application, Storm Water Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,978,300
Business Information - Storm Water Solutions LLC in Houston, TX
16110 Hollister St
Houston, TX 77066
Environmental Consulting Services
NAICS code 541620
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 2 businesses in the "Environmental Consulting Services" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 181) and received an average PPP loan of $1,045,350 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Earth Measurement Co
Industry PPP Comparison Statistics
Nationwide, 9,454 businesses in the "Environmental Consulting Services" industry received a total of $1.05B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 9 employees, 95% lower than Storm Water Solutions LLC's reported 181 employees, and received an average PPP loan of $110,904, 94% lower than this company's loan of $1.98M.
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Footnotes & Information
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