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PPP Loan Data — Hall Drilling, LLC, Ellenboro, WV

SBA PPP loan data, payroll data, and salaries for Hall Drilling, LLC
WV

Hall Drilling, LLC

Entity: Limited Liability Company (LLC)

Industry: Drilling Oil and Gas Wells

Location: Ellenboro, WV

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Hall Drilling, LLC is a limited liability company (LLC) located at 1137 E. Washington Ave in Ellenboro, West Virginia that received a Coronavirus-related PPP loan from the SBA of $6,866,600.00 in August, 2020.

$ PPP Loan Information

Loan Size:

$6.87M

Jobs Retained:

387

Loan Approved:

2020-08-04

Lender:

UNITED BANK

Hall Drilling, LLC received a Paycheck Protection Loan of $6.87M through UNITED BANK, which was approved in August, 2020.

Based on standard PPP eligibility rules, Hall Drilling, LLC's total 2019 payroll expenses were approximately $32.96M in order to qualify for the PPP loan amount received.

Based on their reported 387 jobs retained, this equals an estimated average yearly compensation of $85,167 per employee1.

Because the loan received by Hall Drilling, 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 - Hall Drilling, LLC in Ellenboro, WV

Hall Drilling, LLC
1137 E. Washington Ave
Ellenboro, WV 26346

Business Industry

Drilling Oil and Gas Wells (NAICS code 213111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WV-01

Similar Companies near Ellenboro

In the Ellenboro area, 2 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 196 employees (compared to this company's 387) and received an average PPP loan of $3,447,450 (compared to this company's $6.87M).

Similar Nearby Businesses Who Received PPP Funding:

Lippizan Petroleum, Inc
Ellenboro, WV

$28,300 PPP Loan

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, 97% lower than Hall Drilling, LLC's reported 387 employees, and received an average PPP loan of $169,665, 98% lower than this company's loan of $6.87M.

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.

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/hall-drilling-llc-ellenboro-wv