PPP Loan Data — Blakely Construction Co., Inc., Odessa, TX
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 White female owned business, and employed at least 277 people during the applicable loan loan period.
$ PPP Loan Information
Blakely Construction Co., Inc. received a Paycheck Protection Loan of $4.83M through SOUTHWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Blakely Construction Co., Inc.'s total 2019 payroll expenses were approximately $23.2M in order to qualify for the PPP loan amount received.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $83,771 per employee1.
Business Information - Blakely Construction Co., Inc. in Odessa, TX
2830 W Interstate 20
Odessa, TX 79763
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: TX-11
Similar Companies near Odessa
In the Odessa area, 164 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 $326,356 (compared to this company's $4.83M).
Similar Nearby Businesses Who Received PPP Funding:
JAN Resources LLC
Toro Complete Services Inc.
Coombes Equipment Inc
MNA Consultant LLC
Kasam Oil Services, LLC
Permian Fab Works LLC
Nuke Energy Services LLC
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, 95% lower than Blakely Construction Co., Inc.'s reported 277 employees, and received an average PPP loan of $215,222, 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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!