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PPP Loan Data — Tejas Tubular Products Inc,
Houston, TX
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 Size:
Jobs Retained:
284Loan Approved:
2020-04-14Lender:
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.
Based on standard PPP eligibility rules, Tejas Tubular Products Inc's total 2019 payroll expenses were approximately $21.81M in order to qualify for the PPP loan amount received.
Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $76,805 per employee1.
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 / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-18Similar Companies near Houston
In the Houston area, 4 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 284) and received an average PPP loan of $1,681,848 (compared to this company's $4.54M).
Similar Nearby Businesses Who Received PPP Funding:
Sprime Global LLC
Houston, TX
MMS Traders LLC
Houston, TX
Service Steel Whse Co LP
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 2,691 businesses in the "Metal Service Centers and Other Metal Merchant Wholesalers" industry received a total of $697,432,843.00 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 18 employees, 94% lower than Tejas Tubular Products Inc's reported 284 employees, and received an average PPP loan of $259,172, 94% 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, and is published unmodified, as provided by the SBA.
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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