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PPP Loan Data — Texan Pumpers Company LLC,
Houston, TX
Texan Pumpers Company LLC
Entity: Limited Liability Company (LLC)
Industry: Poured Concrete Foundation and Structure Contractors
Location: Houston, TX
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Texan Pumpers Company LLC is a limited liability company (LLC) located at 6402 Mcgrew St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $608,900.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 35 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4217758307
Loan Size:
Jobs Retained:
35Loan Approved:
2021-01-23Loan Status:
Paid in Full or ForgivenLender:
Texan Bank, National AssociationTexan Pumpers Company LLC in Houston, TX received a Paycheck Protection Loan of $608,900 through Texan Bank, National Association, which was approved in January, 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 August, 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 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, Texan Pumpers Company LLC's 2019 payroll expenses are estimated to be at least $2.92M.
Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $83,506 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texan Pumpers Company LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $608,898
- Utilities: $1
Business Information - Texan Pumpers Company LLC in Houston, TX
6402 Mcgrew St
Houston, TX 77087
Business Industry:
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 9 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 35) and received an average PPP loan of $213,425 (compared to this company's $608,900).
Similar Nearby Businesses Who Received PPP Funding:
BBC Concrete LLC
Houston, TX
Oscar Rayas
Houston, TX
MTZ Concrete Pump LLC
Houston, TX
Botello Builders Corporation
Houston, TX
David Ruiz
Houston, TX
Sahra Rayas
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 21,571 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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 13 employees, 63% lower than Texan Pumpers Company LLC's reported 35 employees, and received an average PPP loan of $139,812, 77% lower than this company's loan of $608,900.
Texan Pumpers Company, LLC
Entity: Limited Liability Company (LLC)
Industry: Poured Concrete Foundation and Structure Contractors
Location: Houston, TX
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Texan Pumpers Company, LLC is a limited liability company (LLC) located at 6402 Mcgrew Street in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $492,500.00 in April, 2020.
$
PPP Loan Information
Loan #6744457109
Loan Size:
Jobs Retained:
37Loan Approved:
2020-04-14Loan Status:
Ongoing LoanLender:
Texan Bank, National AssociationTexan Pumpers Company, LLC in Houston, TX received a Paycheck Protection Loan of $492,500 through Texan Bank, National Association, 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, Texan Pumpers Company, LLC's 2019 payroll expenses are estimated to be at least $2.36M.
Based on their reported 37 jobs retained, this equals an estimated average yearly compensation of $63,892 per employee1
Reported PPP Proceed Usage:
On the PPP application, Texan Pumpers Company, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $492,500
Business Information - Texan Pumpers Company, LLC in Houston, TX
6402 Mcgrew Street
Houston, TX 77087
Business Industry:
Poured Concrete Foundation and Structure Contractors
NAICS code 238110
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: Y
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 9 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 37) and received an average PPP loan of $213,425 (compared to this company's $492,500).
Similar Nearby Businesses Who Received PPP Funding:
BBC Concrete LLC
Houston, TX
Oscar Rayas
Houston, TX
MTZ Concrete Pump LLC
Houston, TX
Botello Builders Corporation
Houston, TX
David Ruiz
Houston, TX
Sahra Rayas
Houston, TX
Industry PPP Comparison Statistics
Nationwide, 21,571 businesses in the "Poured Concrete Foundation and Structure Contractors" industry received a total of $3.02B 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 13 employees, 65% lower than Texan Pumpers Company, LLC's reported 37 employees, and received an average PPP loan of $139,812, 72% lower than this company's loan of $492,500.
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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