PPP Loan Data — Eagle Completions USA, LTD, Odessa, TX
Eagle Completions USA, LTD is a partnership located at 13600 E. Interstate 20 in Odessa, Texas that received a Coronavirus-related PPP loan from the SBA of $2,900,300.00 in April, 2020.
$ PPP Loan Information
Eagle Completions USA, LTD in Odessa, TX received a Paycheck Protection Loan of $2.9M through CROSSROADS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Eagle Completions USA, LTD's total 2019 payroll expenses were approximately $13.92M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $68,579 per employee1.
Business Information - Eagle Completions USA, LTD in Odessa, TX
13600 E. Interstate 20
Odessa, TX 79765
Drilling Oil and Gas Wells (NAICS code 213111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-11
Similar Companies near Odessa
In the Odessa area, 15 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 203) and received an average PPP loan of $510,575 (compared to this company's $2.9M).
Similar Nearby Businesses Who Received PPP Funding:
Big Country Oilfield Services, LLC
Phoenix Drilling, LLC
Brenco Dilling LLC
Dubose Drilling, Inc
C & Z Brothers Energy Services
Safe Hands Safety
B&C Texas Leasing Inc
Arguijo Oilfield Services, Inc
Industry PPP Comparison Statistics
Nationwide, 2,946 businesses in the "Drilling Oil and Gas Wells" industry received a total of $499,833,830.00 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 11 employees, 95% lower than Eagle Completions USA, LTD's reported 203 employees, and received an average PPP loan of $169,665, 94% lower than this company's loan of $2.9M.
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.
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