PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Techcorr USA Management LLC, Pasadena, TX

ALERT: There are 2 PPP loans for a total of $7.25M in our database for businesses with the name "Techcorr USA Management LLC" in Pasadena, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Techcorr USA Management LLC
TX

Techcorr USA Management LLC

Entity: Limited Liability Company (LLC)

Industry: Testing Laboratories

Location: Pasadena, TX

Search All PPP Data

Techcorr USA Management LLC is a limited liability company (LLC) located at 1485 E Sam Houston Pkwy S Ste 160 in Pasadena, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in April, 2021.

$ PPP Loan Information
Loan #9820488807

Loan Size:

$2M

Jobs Retained:

271

Loan Approved:

2021-04-24

Loan Status:

Ongoing Loan

Lender:

Veritex Community Bank

Techcorr USA Management LLC in Pasadena, TX received a Paycheck Protection Loan of $2M through Veritex Community Bank, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Techcorr USA Management LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 271 jobs retained, this equals an estimated average yearly compensation of $35,424 per employee1

Reported PPP Proceed Usage:

On the PPP application, Techcorr USA Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Techcorr USA Management LLC 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 - Techcorr USA Management LLC in Pasadena, TX

Techcorr USA Management LLC
1485 E Sam Houston Pkwy S Ste 160
Pasadena, TX 77503

Business Industry:
Testing Laboratories
NAICS code 541380

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-29

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Techcorr USA Management LLC.

Visualaim LLC
Custom Computer Programming Services

$144,646 PPP Loan

Industrial Waste Solutions LLC
General Freight Trucking, Local

$631,655 PPP Loan

Similar Companies near Pasadena

In the Pasadena area, 9 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 271) and received an average PPP loan of $1,138,956 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 4,516 businesses in the "Testing Laboratories" industry received a total of $813.18M 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 16 employees, 94% lower than Techcorr USA Management LLC's reported 271 employees, and received an average PPP loan of $180,066, 91% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Techcorr USA Management LLC
TX

Techcorr USA Management LLC

Entity: Limited Liability Company (LLC)

Industry: Testing Laboratories

Location: Pasadena, TX

Search All PPP Data

Techcorr USA Management LLC is a limited liability company (LLC) located at 1485 E Sam Houston Pkwy S, Suite 160 in Pasadena, Texas that received a Coronavirus-related PPP loan from the SBA of $5,249,245.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 379 people during the applicable loan loan period.

$ PPP Loan Information
Loan #1014727200

Loan Size:

$5.25M

Jobs Retained:

379

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Veritex Community Bank

Techcorr USA Management LLC in Pasadena, TX received a Paycheck Protection Loan of $5.25M through Veritex Community 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 July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Techcorr USA Management LLC's 2019 payroll expenses are estimated to be at least $25.2M.

Based on their reported 379 jobs retained, this equals an estimated average yearly compensation of $66,481 per employee1

Reported PPP Proceed Usage:

On the PPP application, Techcorr USA Management LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $5,249,245
Because the loan received by Techcorr USA Management LLC 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 - Techcorr USA Management LLC in Pasadena, TX

Techcorr USA Management LLC
1485 E Sam Houston Pkwy S, Suite 160
Pasadena, TX 77503

Business Industry:
Testing Laboratories
NAICS code 541380

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Harris County, TX — SBA Office 0671 — Congressional District: TX-29

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Techcorr USA Management LLC.

Visualaim, LLC
Testing Laboratories

$113,478 PPP Loan

Similar Companies near Pasadena

In the Pasadena area, 9 businesses in the "Testing Laboratories" industry received a PPP loan. These local businesses reported an average of 114 employees (compared to this company's 379) and received an average PPP loan of $1,138,956 (compared to this company's $5.25M).

Industry PPP Comparison Statistics

Nationwide, 4,516 businesses in the "Testing Laboratories" industry received a total of $813.18M 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 16 employees, 96% lower than Techcorr USA Management LLC's reported 379 employees, and received an average PPP loan of $180,066, 97% lower than this company's loan of $5.25M.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/techcorr-usa-management-llc-pasadena-tx