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PPP Loan Data — Geotek Companies, Inc.,
Las Vegas, NV
Geotek Companies, Inc.
Entity: Corporation
Industry: Engineering Services
Location: Las Vegas, NV
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Geotek Companies, Inc. is a corporation located at 6835 Escondido St in Las Vegas, Nevada that received a Coronavirus-related PPP loan from the SBA of $2,850,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 258 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
258Loan Approved:
2020-04-13Lender:
BANK OF GEORGEGeotek Companies, Inc. received a Paycheck Protection Loan of $2.85M through BANK OF GEORGE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Geotek Companies, Inc.'s total 2019 payroll expenses were approximately $13.68M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $53,023 per employee1.
Business Information - Geotek Companies, Inc. in Las Vegas, NV
6835 Escondido St
Las Vegas, NV 89119
Business Industry
Engineering Services (NAICS code 541330)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: NV-01Similar Companies near Las Vegas
In the Las Vegas area, 26 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 258) and received an average PPP loan of $544,251 (compared to this company's $2.85M).
Similar Nearby Businesses Who Received PPP Funding:
Young Engineering & Manufacturing Inc
Las Vegas, NV
Mikon Construction Co., Inc.
Las Vegas, NV
Engineering Partners, Inc
Las Vegas, NV
Salient Arms International Inc
Las Vegas, NV
Caltrol, Inc
Las Vegas, NV
Thomad Engineering LLC
Las Vegas, NV
Goyak Management And Holding, Inc.
Las Vegas, NV
IQC Southwest LLC
Las Vegas, NV
Connected Structural Group, LLC
Las Vegas, NV
Industry PPP Comparison Statistics
Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 95% lower than Geotek Companies, Inc.'s reported 258 employees, and received an average PPP loan of $249,856, 91% lower than this company's loan of $2.85M.
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.
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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