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PPP Loan Data — Blakely Construction Co. Inc,
Odessa, TX
Blakely Construction Co. Inc
Entity: Corporation
Industry: Oil and Gas Pipeline and Related Structures Construction
Location: Odessa, TX
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Blakely Construction Co. Inc is a corporation located at 2830 W Interstate 20 in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least 142 people during the applicable loan loan period.
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PPP Loan Information
Loan #1739628307
Loan Size:
Jobs Retained:
142Loan Approved:
2021-01-19Loan Status:
Ongoing LoanLender:
SouthWest BankBlakely Construction Co. Inc in Odessa, TX received a Paycheck Protection Loan of $2M through SouthWest Bank, which was approved in January, 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, Blakely Construction Co. Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 142 jobs retained, this equals an estimated average yearly compensation of $67,606 per employee1
Reported PPP Proceed Usage:
On the PPP application, Blakely Construction Co. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Blakely Construction Co. Inc in Odessa, TX
2830 W Interstate 20
Odessa, TX 79763
Business Industry:
Oil and Gas Pipeline and Related Structures Construction
NAICS code 237120
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Odessa
In the Odessa area, 25 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 142) and received an average PPP loan of $365,985 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Isidro Ramirez Jr
Odessa, TX
Guadalupe Soto
Odessa, TX
Permian Fab Works LLC
Odessa, TX
Efren Salsido
Odessa, TX
SQS Ndt, LP
Odessa, TX
Mario H Perez Martinez
Odessa, TX
Emmanuel Gutirrez
Odessa, TX
Isidro B Ramirez Jr
Odessa, TX
Ricardo Holguin
Odessa, TX
Industry PPP Comparison Statistics
Nationwide, 3,016 businesses in the "Oil and Gas Pipeline and Related Structures Construction" industry received a total of $1.06B 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 23 employees, 84% lower than Blakely Construction Co. Inc's reported 142 employees, and received an average PPP loan of $349,903, 83% lower than this company's loan of $2M.
Blakely Construction Co., Inc
Entity: Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Odessa, TX
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Blakely Construction Co., Inc is a corporation located at 2830 W Interstate 20 in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $4,834,300.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 277 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5361407005
Loan Size:
Jobs Retained:
277Loan Approved:
2020-04-05Loan Status:
Paid in Full or ForgivenLender:
SouthWest BankBlakely Construction Co., Inc in Odessa, TX received a Paycheck Protection Loan of $4.83M through SouthWest Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.
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, Blakely Construction Co., Inc's 2019 payroll expenses are estimated to be at least $23.2M.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $83,771 per employee1
Reported PPP Proceed Usage:
On the PPP application, Blakely Construction Co., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,834,300
Business Information - Blakely Construction Co., Inc in Odessa, TX
2830 W Interstate 20
Odessa, TX 79763
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Odessa
In the Odessa area, 296 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 277) and received an average PPP loan of $281,276 (compared to this company's $4.83M).
Similar Nearby Businesses Who Received PPP Funding:
Juan C Gutierrez
Odessa, TX
Dredo Bhoodram Machine Inc
Odessa, TX
Relentless Oilfield Services LLC
Odessa, TX
David Cervantes Martinez
Odessa, TX
J&Z Services LLC
Odessa, TX
Gordo's Trucking
Odessa, TX
O-D Rentals Inc
Odessa, TX
Jesus Rodriguez
Odessa, TX
J & D Sandblasting & Paint, Inc
Odessa, TX
Industry PPP Comparison Statistics
Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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 12 employees, 96% lower than Blakely Construction Co., Inc's reported 277 employees, and received an average PPP loan of $185,324, 96% lower than this company's loan of $4.83M.
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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