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PPP Loan Data — C&S Lease Service Lc,
Kilgore, TX
C&S Lease Service Lc
Entity: Subchapter S Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Kilgore, TX
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C&S Lease Service Lc is a subchapter s corporation located at 1873 Fm 1252 E in Kilgore, Texas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least 217 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9207998504
Loan Size:
Jobs Retained:
217Loan Approved:
2021-03-12Loan Status:
Ongoing LoanLender:
Texas Bank and Trust CompanyC&S Lease Service Lc in Kilgore, TX received a Paycheck Protection Loan of $2M through Texas Bank and Trust Company, which was approved in March, 2021.
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.
Read MoreUnderstanding 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 MoreBased 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, C&S Lease Service Lc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 217 jobs retained, this equals an estimated average yearly compensation of $44,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, C&S Lease Service Lc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - C&S Lease Service Lc in Kilgore, TX
1873 Fm 1252 E
Kilgore, TX 75662
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: White
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Kilgore
In the Kilgore area, 102 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 217) and received an average PPP loan of $288,619 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Cody Mooney Consulting LLC
Kilgore, TX
Riddle's Dehi & Chemical Service Co LLC
Kilgore, TX
Sorrells Oil Tool Rentals, LLC
Kilgore, TX
Ash-Lex Enterprises, Inc
Kilgore, TX
Iron Dawg Logistics
Kilgore, TX
Pride Pump And Supply LTD
Kilgore, TX
Lebus Energy
Kilgore, TX
KM Oil Company, LLC
Karnack, TX
Maverick Well Service, LLC
Kilgore, TX
Industry PPP Comparison Statistics
Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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, 94% lower than C&S Lease Service Lc's reported 217 employees, and received an average PPP loan of $185,324, 91% lower than this company's loan of $2M.
C&S Lease Service, Lc
Entity: Subchapter S Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Kilgore, TX
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C&S Lease Service, Lc is a subchapter s corporation located at Po Box 1049 in Kilgore, Texas that received a Coronavirus-related PPP loan from the SBA of $5,394,830.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 434 people during the applicable loan loan period.
$
PPP Loan Information
Loan #5461877003
Loan Size:
Jobs Retained:
434Loan Approved:
2020-04-05Loan Status:
Paid in Full or ForgivenLender:
Texas Bank and Trust CompanyC&S Lease Service, Lc in Kilgore, TX received a Paycheck Protection Loan of $5.39M through Texas Bank and Trust Company, 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 July, 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 MoreUnderstanding 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 MoreBased 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, C&S Lease Service, Lc's 2019 payroll expenses are estimated to be at least $25.9M.
Based on their reported 434 jobs retained, this equals an estimated average yearly compensation of $59,666 per employee1
Reported PPP Proceed Usage:
On the PPP application, C&S Lease Service, Lc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,486,694
- Mortgage Interest: $121,085
- Rent: $787,051
Business Information - C&S Lease Service, Lc in Kilgore, TX
Po Box 1049
Kilgore, TX 75663
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: White
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Kilgore
In the Kilgore area, 101 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 434) and received an average PPP loan of $291,425 (compared to this company's $5.39M).
Similar Nearby Businesses Who Received PPP Funding:
Aggressive LLC
Kilgore, TX
Texas Coating Specialists LLC
Kilgore, TX
Lebus Investment Group LLC
Kilgore, TX
Pumps + Pump & Valve, LLC
Kilgore, TX
Riddle's Dehi & Chemical Service Co LLC
Kilgore, TX
The E3 Company, LLC
Kilgore, TX
Barry Grimes
Kilgore, TX
Geonix Operating LP
Kilgore, TX
DCT Oilfield Construction LLC
Kilgore, TX
Industry PPP Comparison Statistics
Nationwide, 20,749 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.85B 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, 97% lower than C&S Lease Service, Lc's reported 434 employees, and received an average PPP loan of $185,324, 97% lower than this company's loan of $5.39M.
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.
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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