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PPP Loan Data — Tolunay Wong Engineers Inc,
Houston, TX
Tolunay Wong Engineers Inc
Entity: Subchapter S Corporation
Industry: Engineering Services
Location: Houston, TX
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Tolunay Wong Engineers Inc is a subchapter s corporation located at 10710 S Sam Houston Pkwy W Ste 100 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $4,300,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
372Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONTolunay Wong Engineers Inc in Houston, TX received a Paycheck Protection Loan of $4.3M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Tolunay Wong Engineers Inc's total 2019 payroll expenses were approximately $20.64M in order to qualify for the PPP loan amount received.
Based on their reported 372 jobs retained, this equals an estimated average yearly compensation of $55,484 per employee1.
Business Information - Tolunay Wong Engineers Inc in Houston, TX
10710 S Sam Houston Pkwy W Ste 100
Houston, TX 77031
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-09Similar Companies near Houston
In the Houston area, 10 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 54 employees (compared to this company's 372) and received an average PPP loan of $591,388 (compared to this company's $4.3M).
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Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 96% lower than Tolunay Wong Engineers Inc's reported 372 employees, and received an average PPP loan of $249,856, 94% lower than this company's loan of $4.3M.
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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