PPP Loan Data — Independence Contract Drilling, Inc, Houston, TX
Independence Contract Drilling, Inc is a corporation located at 20475 State Highway 249 in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Independence Contract Drilling, Inc received a Paycheck Protection Loan of $10M through CITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Independence Contract Drilling, Inc's total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $96,000 per employee1.
Business Information - Independence Contract Drilling, Inc in Houston, TX
20475 State Highway 249
Houston, TX 77070
Drilling Oil and Gas Wells (NAICS code 213111)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-02
Similar Companies near Houston
In the Houston area, 4 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 500) and received an average PPP loan of $2,599,874 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
BNR Operating LLC
Huff Energy Holdings, Inc
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, 98% lower than Independence Contract Drilling, Inc's reported 500 employees, and received an average PPP loan of $169,665, 98% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!