PPP Loan Data — WTS Energy USA LLC, Houston, TX
WTS Energy USA LLC is a limited liability company (LLC) located at 1401 Enclave Parkway, Suite 450 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,220,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Zions Bank, A Division of
WTS Energy USA LLC in Houston, TX received a Paycheck Protection Loan of $2.22M through Zions Bank, A Division of, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, WTS Energy USA LLC's 2019 payroll expenses are estimated to be at least $10.66M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $60,559 per employee1
Reported PPP Proceed Usage:
On the PPP application, WTS Energy USA LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,220,500
Business Information - WTS Energy USA LLC in Houston, TX
1401 Enclave Parkway, Suite 450
Houston, TX 77077
Professional Employer Organizations
NAICS code 561330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 3 businesses in the "Professional Employer Organizations" industry received a PPP loan. These local businesses reported an average of 93 employees (compared to this company's 176) and received an average PPP loan of $798,431 (compared to this company's $2.22M).
Similar Nearby Businesses Who Received PPP Funding:
P-L Employee Services LLC
Industry PPP Comparison Statistics
Nationwide, 2,957 businesses in the "Professional Employer Organizations" industry received a total of $734.1M 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 27 employees, 85% lower than WTS Energy USA LLC's reported 176 employees, and received an average PPP loan of $248,260, 89% lower than this company's loan of $2.22M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!