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A major component of the 2 trillion dollar CARES Act was the Paycheck Protection Program.
The mission of the PPP was to help small businesses keep the lights on and their workers employed. Businesses in the state of Texas were issued 389,387 loans for over $31,097,439,954 in PPP funds. Those funds secured 4,519,665 jobs.
The city of Houston itself had 736,905 jobs saved, thanks to a staggering $5,043,535,753 in loans. 70% of the funds were used for loans over $150,000.
What businesses got the lion share of loan funds?
We analyzed the Small Business Administration to see the companies that got the largest PPP payouts. Below, we provide a full list of the 100 Houston companies that received the largest loans, but first here are the companies that received the most funds.
The Houston Companies That Received The Most PPP Funds
- EnerVest Operating, LLC
- Farouk Systems Inc
- Gulf Island Fabrication, Inc.
- Icon Information Consultants, LP
- Independence Contract Drilling, Inc.
- Island Operating Company, Inc.
- Kilgore Industries, LP
- Laurenzo’s Management Company, LLC
- Lipsey Communications, LLC
- Luby’s, Inc.
- Pappas Restaurants Inc.
- Port Personnel Services, LLC
- Tesco Holdings, LLC
- Verge Mobile LLC
These companies received 5-10 million dollars in PPP loans- and used the funds to retain a combined 7,000 employees.
How We Determined The Companies That Received The Most PPP Loans In Houston, Tx
We scoured 4.8 million records released on loan level data from the Small Business Administration. We then narrowed it down to companies in Houston, Texas.
While loans less than $150,000 had an exact dollar amount, loans higher than $150,000 were sorted into ranges:
$5-10 million
$2-5 million
$1-2 million
$350,000-1 million
$150,000-350,000
For each range, we went with the lowest amount, since we can safely say they received at least that much. From there, we sorted each company secondarily by the number of jobs retained. So a company in the 5-10 million range that used their loan to secure 500 jobs would rank higher than one that only secured 100. Some companies have yet to submit the number of employees retained, as the deadline has not passed yet.
For Houston, 14 companies were in the maximum loan range and each had 500 retained employees (the maximum amount submitted), leading to the top 14 you see above.
Detailed Ranking- The 100 Houston Companies That Received The Most PPP Funds
| Business Name | Loan Range | Jobs Retained |
|---|---|---|
| ENERVEST OPERATING, LLC | $5-10 million | 500 |
| FAROUK SYSTEMS INC | $5-10 million | 500 |
| GULF ISLAND FABRICATION, INC. | $5-10 million | 500 |
| ICON INFORMATION CONSULTANTS, LP | $5-10 million | 500 |
| INDEPENDENCE CONTRACT DRILLING, INC | $5-10 million | 500 |
| ISLAND OPERATING COMPANY, INC. | $5-10 million | 500 |
| KILGORE INDUSTRIES, L.P. | $5-10 million | 500 |
| LAURENZO’S MANAGEMENT COMPANY, LLC | $5-10 million | 500 |
| LIPSEY COMMUNICATIONS, LLC | $5-10 million | 500 |
| LUBY’S, INC. | $5-10 million | 500 |
| PAPPAS RESTAURANTS INC | $5-10 million | 500 |
| PORT PERSONNEL SERVICES, L.L.C. | $5-10 million | 500 |
| TESCO HOLDINGS, LLC | $5-10 million | 500 |
| VERGE MOBILE LLC | $5-10 million | 500 |
| TEXAS STEEL CONVERSION, INC. | $5-10 million | 495 |
| GENUENT GLOBAL LLC | $5-10 million | 493 |
| DAYRISE RESIDENTIAL, LLC | $5-10 million | 491 |
| BURROW GLOBAL, LLC | $5-10 million | 485 |
| HOUSTON BAPTIST UNIVERSITY | $5-10 million | 485 |
| SEATRAX INC | $5-10 million | 469 |
| NATIONS RELIABLE LENDING LLC | $5-10 million | 458 |
| MHI PARTNERSHIP, LTD. | $5-10 million | 455 |
| FABCO, LLC | $5-10 million | 453 |
| THE MENNINGER CLINIC | $5-10 million | 453 |
| ACTION GYPSUM SUPPLY LP | $5-10 million | 451 |
| GULF INTERSTATE FIELD SERVICES, INC. | $5-10 million | 450 |
| TRIO ELECTRIC LLC | $5-10 million | 450 |
| COMPETENTIA, INC. | $5-10 million | 438 |
| HOUSTON ZOO INC | $5-10 million | 432 |
| HWC WIRE amp; CABLE COMPANY | $5-10 million | 430 |
| ACCC INSURANCE COMPANY | $5-10 million | 429 |
| ECO-STAFF, LLC | $5-10 million | 424 |
| EXPANSE ELECTRICAL COMPANY, LLC | $5-10 million | 415 |
| HTI, LTD. | $5-10 million | 413 |
| SELECTRANSPORTATION RESOURCES, LLC | $5-10 million | 411 |
| DRILLING TOOLS INTERNATIONAL INC | $5-10 million | 410 |
| Gamp;A PARTNERS HOLDING COMPANY, INC. | $5-10 million | 408 |
| SAEXPLORATION INC | $5-10 million | 396 |
| SCANDRILL INC | $5-10 million | 390 |
| LONE STAR LEGAL AID | $5-10 million | 389 |
| LETSOS COMPANY | $5-10 million | 375 |
| INTERLINC MORTGAGE SERVICES, LLC | $5-10 million | 371 |
| NETWORK FUNDING LP | $5-10 million | 365 |
| HD ADVANCED HOLDING COMPANY | $5-10 million | 360 |
| Gamp;H DIVERSIFIED MFG., INC. | $5-10 million | 357 |
| SENTINEL INTEGRITY SOLUTIONS, INC. | $5-10 million | 356 |
| HI-TECH ELECTRIC INC | $5-10 million | 337 |
| STRESS ENGINEERING SERVICES, INC. | $5-10 million | 321 |
| CONTINENTAL CARBON COMPANY | $5-10 million | 320 |
| BRIGGS amp; VESELKA CO., LP | $5-10 million | 318 |
| CIMARRON ENERGY INC | $5-10 million | 317 |
| AKER SOLUTIONS INC. | $5-10 million | 302 |
| BREAKWATER ENERGY PARTNERS, LLC | $5-10 million | 302 |
| HOUSTON LIVESTOCK SHOW AND RODEO, INC. | $5-10 million | 301 |
| AMPLIFY ENERGY OPERATING LLC | $5-10 million | 292 |
| RIGNET INC | $5-10 million | 292 |
| Wamp;T OFFSHORE, INC. | $5-10 million | 291 |
| EMPLOYEE OWNED HOLDINGS, INC. | $5-10 million | 289 |
| GENERAL PLASTICS amp; COMPOSITES, LP | $5-10 million | 285 |
| ENSITE USA, INC. | $5-10 million | 273 |
| CHAMBERLAIN, HRDLICKA, WHITE, WILLIAMS amp; AUGHTRY, P.C | $5-10 million | 268 |
| MOODY NATIONAL MANAGEMENT LP | $5-10 million | 268 |
| EASTEX CRUDE TRUCKING, LLC | $5-10 million | 260 |
| A H HOLDINGS, INC. | $5-10 million | 250 |
| HIS COMPANY INC | $5-10 million | 250 |
| ION GEOPHYSICAL CORPORATION | $5-10 million | 250 |
| GYRODATA INCORPORATED | $5-10 million | 249 |
| LINK STAFFING SERVICES CORPORATION | $5-10 million | 249 |
| ENTERPRISE OFFSHORE DRILLING LLC | $5-10 million | 237 |
| ASSET RISK MANAGEMENT LLC | $5-10 million | 226 |
| ALLIED WIRELINE SERVICES, LLC | $5-10 million | 220 |
| TEXAS PETROLEUM INVESTMENT COMPANY | $5-10 million | 169 |
| THE MORGAN GROUP, INC. | $5-10 million | 165 |
| OFS INTERNATIONAL LLC | $5-10 million | 160 |
| PE BEN USA INC | $5-10 million | 142 |
| NORAM DRILLING COMPANY | $5-10 million | 100 |
| FLOWCO PRODUCTION SOLUTIONS, L.L.C. | $5-10 million | 65 |
| PETROSTAR SERVICES, LLC | $5-10 million | 50 |
| SATTERFIELD amp; PONTIKES CONSTRU | $5-10 million | 50 |
| GULF STATE ENGINEERING COMPANY | $5-10 million | 0 |
| OTG MANAGEMENT IAH, LLC | $5-10 million | 0./tdgt; |
| PERRY’S RESTAURANTS, LTD. | $5-10 million | 0 |
| SIGNAL PEAK SILICA LLC | $5-10 million | 0 |
| TEXAS FUELING SERVICES, INC. | $5-10 million | 0 |
| FMI TEXAS GROUP, L. P. | $150,000-350,000 | 500 |
| JMAR SOLUTIONS, LLC | $150,000-350,001 | 500 |
| LB SOUTHWEST MANAGEMENT LLC | $150,000-350,002 | 500 |
| MEJJ TIRE SERVICE CO, INC | $150,000-350,003 | 500 |
| PADLOCK HEALTHCARE SERVICES, INC. | $150,000-350,004 | 500 |
| PIN OAK CAREGIVERS, LLC | $150,000-350,005 | 500 |
| ROSIE CANNONBALL | $150,000-350,006 | 500 |
| THE CATHEDRAL OF OUR LADY OF WALSINGHAM, A NONPROFIT CORPORATION | $150,000-350,007 | 500 |
| ULTIMATE PEDIATRIC CARE, INC. | $150,000-350,008 | 500 |
| WESTMINSTER UNITED METHODIST CHURCH | $150,000-350,009 | 500 |
| WHITAKER REALTY MANAGEMENT LLC | $150,000-350,010 | 500 |
| WHITE OAK ENTERTAINMENT LLC | $150,000-350,011 | 490 |
Related Topics
- Best Companies To Work For In Houston
- These Are The Highest Paying Jobs In Houston
- The States That Received The Most (And Least) PPE Funds
Author
Kathy is the head of content at Zippia with a knack for engaging audiences. Prior to joining Zippia, Kathy worked at Gateway Blend growing audiences across diverse brands. She graduated from Troy University with a degree in Social Science Education.
