PPP Loan Data — Bosque Disposal Systems, LLC, Fort Worth, TX

Bosque Disposal Systems, LLC

Entity: Limited Liability Company (LLC)

Industry: Drilling Oil and Gas Wells

Location: Fort Worth, TX

Bosque Disposal Systems, LLC is a limited liability company (LLC) located at 400 Throckmorton St in Fort Worth, Texas that received a Coronavirus-related PPP loan from the SBA of $4,500,000.00 in April, 2020.

$ PPP Loan Information
Loan #9848587002

Loan Size:

$4.5M

Jobs Retained:

272

Loan Approved:

2020-04-09

Loan Status:

Ongoing Loan

Lender:

Lamar National Bank

Bosque Disposal Systems, LLC in Fort Worth, TX received a Paycheck Protection Loan of $4.5M through Lamar National Bank, which was approved in April, 2020.

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.

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.

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, Bosque Disposal Systems, LLC's 2019 payroll expenses are estimated to be at least $21.6M.

Based on their reported 272 jobs retained, this equals an estimated average yearly compensation of $79,412 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Bosque Disposal Systems, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $4,500,000

Because the loan received by Bosque Disposal Systems, LLC 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 - Bosque Disposal Systems, LLC in Fort Worth, TX

Bosque Disposal Systems, LLC
400 Throckmorton St
Fort Worth, TX 76102

Business Industry:
Drilling Oil and Gas Wells
NAICS code 213111

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Tarrant County, TX — SBA Office 0610 — Congressional District: TX-12

Similar Companies near Fort Worth

In the Fort Worth area, 12 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 272) and received an average PPP loan of $804,658 (compared to this company's $4.5M).

Similar Nearby Businesses Who Received PPP Funding:

Brad Looney
Fort Worth, TX

$15,600 PPP Loan

Black Mountain Oil & Gas III LLC
Fort Worth, TX

$559,800 PPP Loan

Forston Oil Company, Inc
Fort Worth, TX

$268,400 PPP Loan

James Wilkes
Fort Worth, TX

$20,833 PPP Loan

Overton Park Oil & Gas LP
Fort Worth, TX

$233,000 PPP Loan

Wagner Oil Company
Fort Worth, TX

$1.88M PPP Loan

MD America Energy, LLC
Fort Worth, TX

$1.16M PPP Loan

Seely Oil Company
Fort Worth, TX

$105,500 PPP Loan

Highpeak Energy Management LLC
Fort Worth, TX

$735,933 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 5,453 businesses in the "Drilling Oil and Gas Wells" industry received a total of $756.86M 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 9 employees, 97% lower than Bosque Disposal Systems, LLC's reported 272 employees, and received an average PPP loan of $138,796, 97% lower than this company's loan of $4.5M.

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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