PPP Loan Data — Berexco, LLC, Wichita, KS
Berexco, LLC is a limited liability company (LLC) located at 2020 N Bramblewood St in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,143,100.00 in April, 2020.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
Berexco, LLC received a Paycheck Protection Loan of $3.14M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Berexco, LLC's total 2019 payroll expenses were approximately $15.09M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $65,882 per employee1.
Business Information - Berexco, LLC in Wichita, KS
2020 N Bramblewood St
Wichita, KS 67206
Crude Petroleum Extraction (NAICS code 211120)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-04
Similar Companies near Wichita
In the Wichita area, 13 businesses in the "Crude Petroleum Extraction " industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 229) and received an average PPP loan of $430,835 (compared to this company's $3.14M).
Similar Nearby Businesses Who Received PPP Funding:
Mccoy Petroleum Corporation
Quest Drilling Company, LLC
Grand Mesa Operating Company
Kevin S Mccoy
Stelbar Oil Corporation Inc
Cross Bar Energy LLC
Petro Warrior, LLC
Industry PPP Comparison Statistics
Nationwide, 2,633 businesses in the "Crude Petroleum Extraction " industry received a total of $383,891,055.00 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 8 employees, 97% lower than Berexco, LLC's reported 229 employees, and received an average PPP loan of $145,800, 95% lower than this company's loan of $3.14M.
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.
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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