PPP Loan Data — Tolunay Wong Engineers Inc, Houston, TX
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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Tolunay 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
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-09
Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
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Ting Lau Engineering Consulting
Istudio Projects Inc
Gorrondona Engineering Services, Inc
TSC Surveying Company
Auric Engineers LLC
Alavi Food Inc
PGA Engineers, Inc.
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.
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