PPP Loan Data — Gas Field Services LLC, Rosedale, VA
Gas Field Services LLC is a limited liability company (LLC) located at 17908 U S Highway 19 in Rosedale, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,950,696.00 in April, 2020.
$ PPP Loan Information
Gas Field Services LLC in Rosedale, VA received a Paycheck Protection Loan of $3.95M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gas Field Services LLC's total 2019 payroll expenses were approximately $18.96M in order to qualify for the PPP loan amount received.
Based on their reported 304 jobs retained, this equals an estimated average yearly compensation of $62,379 per employee1.
Business Information - Gas Field Services LLC in Rosedale, VA
17908 U S Highway 19
Rosedale, VA 24280
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-09
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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 13 employees, 96% lower than Gas Field Services LLC's reported 304 employees, and received an average PPP loan of $215,222, 95% lower than this company's loan of $3.95M.
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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