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PPP Loan Data — Global Pipeline, LLC,
Mission, TX
Global Pipeline, LLC
Entity: Limited Liability Company (LLC)
Industry: Drilling Oil and Gas Wells
Location: Mission, TX
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Global Pipeline, LLC is a limited liability company (LLC) located at 3105 W Palma Vista Dr in Mission, Texas that received a Coronavirus-related PPP loan from the SBA of $3,022,600.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
179Loan Approved:
2020-04-09Lender:
INTERNATIONAL BANK OF COMMERCEGlobal Pipeline, LLC received a Paycheck Protection Loan of $3.02M through INTERNATIONAL BANK OF COMMERCE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Global Pipeline, LLC's total 2019 payroll expenses were approximately $14.51M in order to qualify for the PPP loan amount received.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $81,053 per employee1.
Business Information - Global Pipeline, LLC in Mission, TX
3105 W Palma Vista Dr
Mission, TX 78572
Business Industry
Drilling Oil and Gas Wells (NAICS code 213111)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: TX-28Similar Companies near Mission
In the Mission area, 3 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 84 employees (compared to this company's 179) and received an average PPP loan of $1,127,611 (compared to this company's $3.02M).
Similar Nearby Businesses Who Received PPP Funding:
J & R Valley Oilfield Services Inc
Mission, TX
SVC Services, LLC
Mission, TX
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, 94% lower than Global Pipeline, LLC's reported 179 employees, and received an average PPP loan of $169,665, 94% lower than this company's loan of $3.02M.
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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