PPP Loan Data — Alan R Trucking, LLC, Midland, TX
Alan R Trucking, LLC is a limited liability company (LLC) located at 3110 Shell Ave in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $479,400.00 in April, 2020.
The company has reported itself as a Hispanic female owned business, and employed at least 30 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRSTCAPITAL BANK OF TEXAS, NATIONAL ASSOCIATION
Alan R Trucking, LLC received a Paycheck Protection Loan of $479,400 through FIRSTCAPITAL BANK OF TEXAS, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Alan R Trucking, LLC's total 2019 payroll expenses were approximately $2.3M in order to qualify for the PPP loan amount received.
Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $76,704 per employee1.
Business Information - Alan R Trucking, LLC in Midland, TX
3110 Shell Ave
Midland, TX 79705
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: HISPANIC
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: TX-11
Similar Companies near Midland
In the Midland area, 233 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 30) and received an average PPP loan of $326,490 (compared to this company's $479,400).
Similar Nearby Businesses Who Received PPP Funding:
Mid-Tex Pipe & Tube, Inc.
Griffin Petroleum Company
Diagnostic Stimulation Optimization
Sealam Investments, LLC
IV Energy Inc
Allstream Environmental Services LLC
Diggers Oilfield Services
Sianspheric Land Services, Inc.
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, 57% lower than Alan R Trucking, LLC's reported 30 employees, and received an average PPP loan of $215,222, 55% lower than this company's loan of $479,400.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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.
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