PPP Loan Data — Edward Richardon, Midland, TX
Edward Richardon is an independent contractor located in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $20,800.00 in July, 2020.
$ PPP Loan Information Loan #7516678104
Loan Status:Ongoing Loan
Lender:MBE Capital Partners
Edward Richardon in Midland, TX received a Paycheck Protection Loan of $20,800 through MBE Capital Partners, which was approved in July, 2020.
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.
Reported PPP Proceed Usage:
On the PPP application, Edward Richardon reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,800
Business Information - Edward Richardon in Midland, TX
* Full address is redacted to protect the privacy of individuals.
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Midland
In the Midland area, 528 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 1) and received an average PPP loan of $305,142 (compared to this company's $20,800).
Similar Nearby Businesses Who Received PPP Funding:
Lone Paloma Resources, LLC
Patriot Energy Services Of Texas LLC
Paragon Well Service LLC
Enviro Vat LP
4 Faith Services LLC
Accelerated Water Resources LLC
Dyamond Energy Services
Venus Oilfield Solutions, LLC
JFT Services, LLC
Industry PPP Comparison Statistics
Nationwide, 19,100 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3,762,308,995.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 1200% higher than Edward Richardon's reported 1 employees, and received an average PPP loan of $196,980, 847% higher than this company's loan of $20,800.
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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