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PPP Loan Data — Back Roads Energy Inc., Houston, PA

SBA PPP loan data, payroll data, and salaries for Back Roads Energy Inc.
PA

Back Roads Energy Inc.

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Houston, PA

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Back Roads Energy Inc. is a corporation located at 341 N Johnson Rd in Houston, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $450,270.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$450,270

Jobs Retained:

25

Loan Approved:

2020-04-15

Lender:

COMMUNITY BANK

Back Roads Energy Inc. received a Paycheck Protection Loan of $450,270 through COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Back Roads Energy Inc.'s total 2019 payroll expenses were approximately $2.16M in order to qualify for the PPP loan amount received.

Based on their reported 25 jobs retained, this equals an estimated average yearly compensation of $86,452 per employee1.

Business Information - Back Roads Energy Inc. in Houston, PA

Back Roads Energy Inc.
341 N Johnson Rd
Houston, PA 15342

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-14

Similar Companies near Houston

In the Houston area, 4 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 25) and received an average PPP loan of $1,434,518 (compared to this company's $450,270).

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, 48% lower than Back Roads Energy Inc.'s reported 25 employees, and received an average PPP loan of $215,222, 52% lower than this company's loan of $450,270.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/back-roads-energy-inc-houston-pa