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PPP Loan Data — Blakely Construction Co., Inc.,
Odessa, TX
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 White female owned business, and employed at least 277 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
277Loan Approved:
2020-04-05Lender:
SOUTHWEST BANKBlakely 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
Business Industry
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERAN
Congressional District: TX-11Similar 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
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Toro Complete Services Inc.
Odessa, TX
Maurilio Caro
Odessa, TX
Coombes Equipment Inc
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MNA Consultant LLC
Odessa, TX
Kasam Oil Services, LLC
Odessa, TX
David Burton
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Permian Fab Works LLC
Odessa, TX
Nuke Energy Services LLC
Odessa, TX
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.
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