PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated April 5, 2023)

PPP Loan Data — Blakely Construction Co. Inc, Odessa, TX

ALERT: There are 2 PPP loans for a total of $6.83M in our database for businesses with the name "Blakely Construction Co. Inc" in Odessa, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Blakely Construction Co. Inc
TX

Blakely Construction Co. Inc

Entity: Corporation

Industry: Oil and Gas Pipeline and Related Structures Construction

Location: Odessa, TX

Search All PPP Data

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.

$ PPP Loan Information
Loan #1739628307

Loan Size:

$2M

Jobs Retained:

142

Loan Approved:

2021-01-19

Loan Status:

Paid in Full or Forgiven

Lender:

SouthWest Bank

Blakely Construction Co. Inc in Odessa, TX received a Paycheck Protection Loan of $2M through SouthWest Bank, which was approved in January, 2021.

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 July, 2022.

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 More
Understanding 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 More

Based 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
Because the loan received by Blakely Construction Co. Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Blakely Construction Co. Inc in Odessa, TX

Blakely Construction Co. Inc
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

Ector County, TX — SBA Office 0678 — Congressional District: TX-11

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).

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 $350,845, 82% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Blakely Construction Co., Inc
TX

Blakely Construction Co., Inc

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Odessa, TX

Search All PPP Data

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:

$4.83M

Jobs Retained:

277

Loan Approved:

2020-04-05

Loan Status:

Paid in Full or Forgiven

Lender:

SouthWest Bank

Blakely 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 More
Understanding 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 More

Based 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
Because the loan received by Blakely Construction Co., Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Blakely Construction Co., Inc in Odessa, TX

Blakely Construction Co., Inc
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

Ector County, TX — SBA Office 0678 — Congressional District: TX-11

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).

Industry PPP Comparison Statistics

Nationwide, 20,742 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B 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 $185,218, 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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/blakely-construction-co-inc-odessa-tx