PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated June 30, 2023)

PPP Loan Data — Tejas Tubular Products Inc, Houston, TX

ALERT: There are 2 PPP loans for a total of $6.54M in our database for businesses with the name "Tejas Tubular Products Inc" in Houston, 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 Tejas Tubular Products Inc
TX

Tejas Tubular Products Inc

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Houston, TX

Search All PPP Data

Tejas Tubular Products Inc is a corporation located at 8799 North Loop E Ste 300 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 263 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5692818610

Loan Size:

$2M

Jobs Retained:

263

Loan Approved:

2021-03-20

Loan Status:

Paid in Full or Forgiven

Lender:

First Horizon Bank

Tejas Tubular Products Inc in Houston, TX received a Paycheck Protection Loan of $2M through First Horizon Bank, which was approved in March, 2021.

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, 2022.

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, Tejas Tubular Products Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $36,502 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tejas Tubular Products Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,997
  • Utilities: $1
Because the loan received by Tejas Tubular Products Inc 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 - Tejas Tubular Products Inc in Houston, TX

Tejas Tubular Products Inc
8799 North Loop E Ste 300
Houston, TX 77029

Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

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 Tejas Tubular Products Inc.

Feits LLC
Support Activities for Oil and Gas Operations

$65,000 PPP Loan

Tejas Tubular Oilfield Services
Support Activities for Oil and Gas Operations

$196,200 PPP Loan

Similar Companies near Houston

In the Houston area, 7 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 263) and received an average PPP loan of $476,848 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 20,742 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B 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 12 employees, 95% lower than Tejas Tubular Products Inc's reported 263 employees, and received an average PPP loan of $185,218, 91% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Tejas Tubular Products Inc
TX

Tejas Tubular Products Inc

Entity: Corporation

Industry: Metal Service Centers and Other Metal Merchant Wholesalers

Location: Houston, TX

Search All PPP Data

Tejas Tubular Products Inc is a corporation located at 8799 North Loop E in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $4,544,302.00 in April, 2020.

$ PPP Loan Information
Loan #7587227110

Loan Size:

$4.54M

Jobs Retained:

284

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

First Horizon Bank

Tejas Tubular Products Inc in Houston, TX received a Paycheck Protection Loan of $4.54M through First Horizon 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 December, 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, Tejas Tubular Products Inc's 2019 payroll expenses are estimated to be at least $21.81M.

Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $76,805 per employee1

Reported PPP Proceed Usage:

On the PPP application, Tejas Tubular Products Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,544,302
Because the loan received by Tejas Tubular Products Inc 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 - Tejas Tubular Products Inc in Houston, TX

Tejas Tubular Products Inc
8799 North Loop E
Houston, TX 77029

Business Industry:
Metal Service Centers and Other Metal Merchant Wholesalers
NAICS code 423510

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-18

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Tejas Tubular Products Inc.

Top Flight Transportation
General Freight Trucking, Local

$11,127 PPP Loan

Similar Companies near Houston

In the Houston area, 6 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 123 employees (compared to this company's 284) and received an average PPP loan of $1,504,640 (compared to this company's $4.54M).

Industry PPP Comparison Statistics

Nationwide, 4,154 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $970.54M 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 19 employees, 93% lower than Tejas Tubular Products Inc's reported 284 employees, and received an average PPP loan of $233,639, 95% lower than this company's loan of $4.54M.

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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Source: www.federalpay.org/paycheck-protection-program/tejas-tubular-products-inc-houston-tx