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PPP Loan Data — Tejas Tubular Products Inc,
Houston, TX
Tejas Tubular Products Inc
Entity: Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Houston, TX
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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:
Jobs Retained:
263Loan Approved:
2021-03-20Loan Status:
Ongoing LoanLender:
First Horizon BankTejas 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 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 MoreUnderstanding 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 MoreBased 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
Business Information - Tejas Tubular Products Inc in Houston, TX
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
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
Tejas Tubular Oilfield Services
Support Activities for Oil and Gas Operations
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).
Similar Nearby Businesses Who Received PPP Funding:
CM Service Co., Inc
Houston, TX
Tejas Tubular Oilfield Services, LLC
Houston, TX
Tejas Tubular Oilfield Services
Houston, TX
Feits LLC
Houston, TX
Industrial Consulting And Supply Corporation West
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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 $185,324, 91% lower than this company's loan of $2M.
Tejas Tubular Products Inc
Entity: Corporation
Industry: Metal Service Centers and Other Metal Merchant Wholesalers
Location: Houston, TX
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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:
Jobs Retained:
284Loan Approved:
2020-04-14Loan Status:
Ongoing LoanLender:
First Horizon BankTejas 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 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 MoreUnderstanding 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 MoreBased 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
Business Information - Tejas Tubular Products Inc in Houston, TX
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
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
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).
Similar Nearby Businesses Who Received PPP Funding:
Service Steel Whse Co LP
Houston, TX
Indital Us Limited
Houston, TX
Sprime Global LLC
Houston, TX
MMS Traders LLC
Houston, TX
Service Steel Warehouse Co LP
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 4,157 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $970.6M 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 $233,486, 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.
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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