PPP Loan Data — Advanced Oilfield Services LLC, Platteville, CO
Advanced Oilfield Services LLC is a limited liability company (LLC) located at 804 Grand Ave in Platteville, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,748,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 181 people during the applicable loan loan period.
$ PPP Loan Information
Lender:BANK OF COLORADO
Advanced Oilfield Services LLC in Platteville, CO received a Paycheck Protection Loan of $3.75M through BANK OF COLORADO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Advanced Oilfield Services LLC's total 2019 payroll expenses were approximately $17.99M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $99,408 per employee1.
Business Information - Advanced Oilfield Services LLC in Platteville, CO
804 Grand Ave
Platteville, CO 80651
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: CO-04
Similar Companies near Platteville
In the Platteville area, 4 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 51 employees (compared to this company's 181) and received an average PPP loan of $1,011,579 (compared to this company's $3.75M).
Similar Nearby Businesses Who Received PPP Funding:
Bravo Services, Inc
Coffey Consulting, LLC
Front Range Line Services, LLC
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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 13 employees, 93% lower than Advanced Oilfield Services LLC's reported 181 employees, and received an average PPP loan of $215,222, 94% lower than this company's loan of $3.75M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. 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.
Have FederalPay.org's open data tools been valuable? Consider donating!