PPP Loan Data — UTC Overseas Inc., Houston, TX
UTC Overseas Inc. is a corporation located at 2 Northpoint Drive Suite 213 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,624,700.00 in April, 2020.
$ PPP Loan Information
Lender:BLUE RIDGE BANK, NATIONAL ASSOCIATION
UTC Overseas Inc. received a Paycheck Protection Loan of $2.62M through BLUE RIDGE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, UTC Overseas Inc.'s total 2019 payroll expenses were approximately $12.6M in order to qualify for the PPP loan amount received.
Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $74,548 per employee1.
Business Information - UTC Overseas Inc. in Houston, TX
2 Northpoint Drive Suite 213
Houston, TX 77060
Freight Transportation Arrangement (NAICS code 488510)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-29
Similar Companies near Houston
In the Houston area, 12 businesses in the "Freight Transportation Arrangement" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 169) and received an average PPP loan of $294,999 (compared to this company's $2.62M).
Similar Nearby Businesses Who Received PPP Funding:
B & D Customhouse Brokers, Inc.
Petrasco Services Inc
JET Import Brokers LLC
Action Worldwide Cargo Services, Inc
Gulf Permier Logistics LLC
Richland Equity Group LLC
Benchmark Global Supply Corp
Industry PPP Comparison Statistics
Nationwide, 10,632 businesses in the "Freight Transportation Arrangement" industry received a total of $1,273,457,640.00 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 10 employees, 94% lower than UTC Overseas Inc.'s reported 169 employees, and received an average PPP loan of $119,776, 95% lower than this company's loan of $2.62M.
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Footnotes & Information
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