PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Ecoserv, LLC, Abbeville, LA

SBA PPP loan data, payroll data, and salaries for Ecoserv, LLC
LA

Ecoserv, LLC

Entity: Limited Liability Company (LLC)

Industry: Crude Petroleum Extraction 

Location: Abbeville, LA

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Ecoserv, LLC is a limited liability company (LLC) located at 9528 Us Highway 167 in Abbeville, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,186,212.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.19M

Jobs Retained:

161

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Ecoserv, LLC in Abbeville, LA received a Paycheck Protection Loan of $3.19M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Ecoserv, LLC's total 2019 payroll expenses were approximately $15.29M in order to qualify for the PPP loan amount received.

Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $94,993 per employee1.

Because the loan received by Ecoserv, 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 - Ecoserv, LLC in Abbeville, LA

Ecoserv, LLC
9528 Us Highway 167
Abbeville, LA 70510

Business Industry

Crude Petroleum Extraction  (NAICS code 211120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: LA-03

Industry PPP Comparison Statistics

Nationwide, 2,633 businesses in the "Crude Petroleum Extraction " industry received a total of $383,891,055.00 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 8 employees, 95% lower than Ecoserv, LLC's reported 161 employees, and received an average PPP loan of $145,800, 95% lower than this company's loan of $3.19M.

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/ecoserv-llc-abbeville-la