PPP Loan Data — American Safety Services, Inc., Odessa, TX
American Safety Services, Inc. is a corporation located at 8715 Andrews Hwy in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $3,115,800.00 in April, 2020.
$ PPP Loan Information
American Safety Services, Inc. in Odessa, TX received a Paycheck Protection Loan of $3.12M through SOUTHWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Safety Services, Inc.'s total 2019 payroll expenses were approximately $14.96M in order to qualify for the PPP loan amount received.
Based on their reported 170 jobs retained, this equals an estimated average yearly compensation of $87,976 per employee1.
Business Information - American Safety Services, Inc. in Odessa, TX
8715 Andrews Hwy
Odessa, TX 79765
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-11
Similar Companies near Odessa
In the Odessa area, 167 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 170) and received an average PPP loan of $301,703 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
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Pace Field Services, LLC
Royal Oilfield Services, LLC
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Arturo B. Urquidi
Diamond J Oil Field Services, LLC
Metering & Testing Of New Mexico, Inc.
Oilfield Mud & Chemical 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, 92% lower than American Safety Services, Inc.'s reported 170 employees, and received an average PPP loan of $215,222, 93% lower than this company's loan of $3.12M.
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.
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