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PPP Loan Data — Beavers Specialty Inc,
Sunset, LA
Beavers Specialty Inc
Entity: Subchapter S Corporation
Industry: Drilling Oil and Gas Wells
Location: Sunset, LA
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Beavers Specialty Inc is a subchapter s corporation located at 893 I 49 Service Rd in Sunset, Louisiana that received a Coronavirus-related PPP loan from the SBA of $44,900.00 in February, 2021.
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PPP Loan Information
Loan #5832528402
Loan Size:
Jobs Retained:
4Loan Approved:
2021-02-09Loan Status:
Ongoing LoanLender:
Home Bank, National AssociationBeavers Specialty Inc in Sunset, LA received a Paycheck Protection Loan of $44,900 through Home Bank, National Association, which was approved in February, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Beavers Specialty Inc's 2019 payroll expenses are estimated to be at least $215,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $53,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Beavers Specialty Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $44,898
- Utilities: $1
Business Information - Beavers Specialty Inc in Sunset, LA
893 I 49 Service Rd
Sunset, LA 70584
Business Industry:
Drilling Oil and Gas Wells
NAICS code 213111
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Sunset
In the Sunset area, 6 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 4) and received an average PPP loan of $181,025 (compared to this company's $44,900).
Similar Nearby Businesses Who Received PPP Funding:
Shannon Bellard Consulting LLC
Scott, LA
FOS Engineering & Consulting, LLC
Scott, LA
Stratagraph Inc
Scott, LA
MUD Menou LLC
Sunset, LA
Shannon Thibodeaux
Sunset, LA
Industry PPP Comparison Statistics
Nationwide, 4,866 businesses in the "Drilling Oil and Gas Wells" industry received a total of $731.14M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 150% higher than Beavers Specialty Inc's reported 4 employees, and received an average PPP loan of $150,255, 235% higher than this company's loan of $44,900.
Beavers Specialty Inc
Entity: Subchapter S Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Sunset, LA
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Beavers Specialty Inc is a subchapter s corporation located at 893 I-49 Service Rd in Sunset, Louisiana that received a Coronavirus-related PPP loan from the SBA of $51,300.00 in April, 2020.
$
PPP Loan Information
Loan #3974397204
Loan Size:
Jobs Retained:
4Loan Approved:
2020-04-27Loan Status:
Ongoing LoanLender:
Home Bank, National AssociationBeavers Specialty Inc in Sunset, LA received a Paycheck Protection Loan of $51,300 through Home Bank, National Association, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Beavers Specialty Inc's 2019 payroll expenses are estimated to be at least $246,240.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $61,560 per employee1
Reported PPP Proceed Usage:
On the PPP application, Beavers Specialty Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $51,300
Business Information - Beavers Specialty Inc in Sunset, LA
893 I-49 Service Rd
Sunset, LA 70584
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age:
LMI Zone: N
HUBZone: Y
Rural / Urban: Rural
Similar Companies near Sunset
In the Sunset area, 48 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 4) and received an average PPP loan of $340,699 (compared to this company's $51,300).
Similar Nearby Businesses Who Received PPP Funding:
Intracoastal Liquid Mud Inc
Scott, LA
Rene P. Mouton
Scott, LA
MUD Mart Limited Liability Company
Scott, LA
Arredondo Enterprise, LLC
Cankton,, LA
Gulf Coast Coil Tubing & Nitrogen Services, Inc
Scott, LA
Gordon Technologies, LLC
Scott, LA
Power Rig Rental Tool Inc
Scott, LA
ARC Energy Global
Scott, LA
Total Abandonment Services, Inc
Scott, LA
Industry PPP Comparison Statistics
Nationwide, 19,100 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.76B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 225% higher than Beavers Specialty Inc's reported 4 employees, and received an average PPP loan of $196,980, 284% higher than this company's loan of $51,300.
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. Estimations for informational purposes only. 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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