PPP Loan Data — CNJ Oilfield Services LLC, Farmington, NM
CNJ Oilfield Services LLC is a limited liability company (LLC) located at 1440 Hines Rd in Farmington, New Mexico that received a Coronavirus-related PPP loan from the SBA of $2,487,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 152 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE CITIZENS BANK
CNJ Oilfield Services LLC in Farmington, NM received a Paycheck Protection Loan of $2.49M through THE CITIZENS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, CNJ Oilfield Services LLC's total 2019 payroll expenses were approximately $11.94M in order to qualify for the PPP loan amount received.
Based on their reported 152 jobs retained, this equals an estimated average yearly compensation of $78,543 per employee1.
Business Information - CNJ Oilfield Services LLC in Farmington, NM
1440 Hines Rd
Farmington, NM 87401
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: NM-03
Similar Companies near Farmington
In the Farmington area, 12 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 152) and received an average PPP loan of $707,142 (compared to this company's $2.49M).
Similar Nearby Businesses Who Received PPP Funding:
D&J Marble Inc
High Desert Industrial, Inc.
Mastercraft Builders, Inc.
Harpole Construction Inc
S. J. Gabaldon Construction & Realty
XL Concrete Company, Inc
Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 94% lower than CNJ Oilfield Services LLC's reported 152 employees, and received an average PPP loan of $113,959, 95% lower than this company's loan of $2.49M.
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.
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!