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PPP Loan Information — NORTHERN ENERGY SERVICES, LLC

SBA PPP loan data, payroll data, and salaries for
AK

NORTHERN ENERGY SERVICES, LLC

Business Type: Limited Liability Company(LLC)

Industry: Support Activities for Oil and Gas Operations

Location: ANCHORAGE, AK

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NORTHERN ENERGY SERVICES, LLC is a limited liability company(llc) located in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of at least $5,000,000.00 in April, 2020.

PPP Loan Information

Loan Size:

$5M to $10M
Likely Actual Range:
$5M to $6.21M

Jobs Retained:

298

Loan Approved:

2020-04-06

Lender:

Northrim Bank

NORTHERN ENERGY SERVICES, LLC received a Paycheck Protection Loan of between 5M and 10M through Northrim Bank, which was approved in April, 2020.

When accounting for 298 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $6.21M2.

Based on standard PPP eligibility rules, NORTHERN ENERGY SERVICES, LLC's total 2019 payroll expenses were between $24M and $29.8M+ in order to qualify for the PPP loan amount received. Based on their reported 298 jobs retained, this equals an estimated average yearly compensation between $80,537 and $100,000+ per employee1.

Because the loan received by NORTHERN ENERGY SERVICES, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - NORTHERN ENERGY SERVICES, LLC in ANCHORAGE, AK

NORTHERN ENERGY SERVICES, LLC
6250 South Airpark Place
ANCHORAGE, AK 99502

Business Industry

Support Activities for Oil and Gas Operations (NAICS code 213112)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

AK - 00

Similar Nearby Businesses Who Received PPP Funding:

R.J.H., INCORPORATED
($350,000-1 million)
SOLSTENXP INC.
($1-2 million)
BRISTIL BAY INDUSTRIAL LLC
($350,000-1 million)
C&H TESTING SERVICES, LLC
($350,000-1 million)


Employee Statistics

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. 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.

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/7-eleven-pomona-ca