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PPP Loan Data — Butchs Rat Hole & Anchor Service, Inc., Levelland, TX

SBA PPP loan data, payroll data, and salaries for Butchs Rat Hole & Anchor Service, Inc.
TX

Butchs Rat Hole & Anchor Service, Inc.

Entity: Corporation

Industry: Support Activities for Oil and Gas Operations

Location: Levelland, TX

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Butchs Rat Hole & Anchor Service, Inc. is a corporation located at 700 Austin St in Levelland, Texas that received a Coronavirus-related PPP loan from the SBA of $7,613,500.00 in May, 2020.

The company has reported itself as a White male owned business, and employed at least 374 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$7.61M

Jobs Retained:

374

Loan Approved:

2020-05-06

Lender:

AIMBANK

Butchs Rat Hole & Anchor Service, Inc. in Levelland, TX received a Paycheck Protection Loan of $7.61M through AIMBANK, which was approved in May, 2020.

Based on standard PPP eligibility rules, Butchs Rat Hole & Anchor Service, Inc.'s total 2019 payroll expenses were approximately $36.54M in order to qualify for the PPP loan amount received.

Based on their reported 374 jobs retained, this equals an estimated average yearly compensation of $97,713 per employee1.

Because the loan received by Butchs Rat Hole & Anchor Service, 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 - Butchs Rat Hole & Anchor Service, Inc. in Levelland, TX

Butchs Rat Hole & Anchor Service, Inc.
700 Austin St
Levelland, TX 79336

Business Industry

Support Activities for Oil and Gas Operations (NAICS code 213112)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-19

Similar Companies near Levelland

In the Levelland area, 23 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 374) and received an average PPP loan of $526,585 (compared to this company's $7.61M).

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, 97% lower than Butchs Rat Hole & Anchor Service, Inc.'s reported 374 employees, and received an average PPP loan of $215,222, 97% lower than this company's loan of $7.61M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/butchs-rat-hole-and-anchor-service-inc-levelland-tx