PPP Loan Data — Blake International Rigs, LLC, Houma, LA
Blake International Rigs, LLC is a limited liability company (LLC) located at 410 South Van Ave in Houma, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,984,700.00 in April, 2020.
$ PPP Loan Information
Lender:SOUTH LOUISIANA BANK
Blake International Rigs, LLC received a Paycheck Protection Loan of $2.98M through SOUTH LOUISIANA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Blake International Rigs, LLC's total 2019 payroll expenses were approximately $14.33M in order to qualify for the PPP loan amount received.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $94,878 per employee1.
Business Information - Blake International Rigs, LLC in Houma, LA
410 South Van Ave
Houma, LA 70363
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-01
Similar Companies near Houma
In the Houma area, 48 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 38 employees (compared to this company's 151) and received an average PPP loan of $614,423 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
Lynx Production Service, Inc.
Top Drive Services, LLC
Magnum Mud Equipment Co., Inc.
Cajun Hydraulics & Crane Services
Benton Completion Services, Inc
Wellbore Fishing & Rental Tools, LLC
Master Valve & Wellhead Service, Inc.
Patco Completion 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, 91% lower than Blake International Rigs, LLC's reported 151 employees, and received an average PPP loan of $215,222, 93% lower than this company's loan of $2.98M.
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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