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PPP Loan Data — Industrial Ecosystems Inc,
Aztec, NM
Industrial Ecosystems Inc
Entity: Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Aztec, NM
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Industrial Ecosystems Inc is a corporation located at 49 Road 3150 in Aztec, New Mexico that received a Coronavirus-related PPP loan from the SBA of $361,758.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least fifteen people during the applicable loan loan period.
$
PPP Loan Information
Loan #2000138309
Loan Size:
Jobs Retained:
15Loan Approved:
2021-01-20Loan Status:
Paid in Full or ForgivenLender:
The Citizens BankIndustrial Ecosystems Inc in Aztec, NM received a Paycheck Protection Loan of $361,758 through The Citizens Bank, which was approved in January, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 15 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 17. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Industrial Ecosystems Inc's 2019 payroll expenses are estimated to be at least $1.74M (not accounting for salary amounts > $100k).
Because the 15 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Industrial Ecosystems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $361,755
- Utilities: $1
Business Information - Industrial Ecosystems Inc in Aztec, NM
49 Road 3150
Aztec, NM 87410
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Aztec
In the Aztec area, 23 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 15) and received an average PPP loan of $399,811 (compared to this company's $361,758).
Similar Nearby Businesses Who Received PPP Funding:
3E Energy Services, Inc
Aztec, NM
Eagle Inspection And Consulting, Inc
Aztec, NM
Bill Moss, Inc
Aztec, NM
Mesa Measurement LLC
Aztec, NM
M & R Trucking, Inc
Aztec, NM
Bullet Compression Services Inc
Aztec, NM
Aztec Well Servicing Co
Aztec, NM
Basin Disposal, Inc
Aztec, NM
Madewell Services LLC
Aztec, NM
Industry PPP Comparison Statistics
Nationwide, 20,747 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 20% lower than Industrial Ecosystems Inc's reported 15 employees, and received an average PPP loan of $185,312, 49% lower than this company's loan of $361,758.
Industrial Ecosystems, Inc
Entity: Corporation
Industry: Support Activities for Oil and Gas Operations
Location: Aztec, NM
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Industrial Ecosystems, Inc is a corporation located at 49 Road 3150 in Aztec, New Mexico that received a Coronavirus-related PPP loan from the SBA of $361,700.00 in April, 2020.
$
PPP Loan Information
Loan #2345967103
Loan Size:
Jobs Retained:
20Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
The Citizens BankIndustrial Ecosystems, Inc in Aztec, NM received a Paycheck Protection Loan of $361,700 through The Citizens Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Industrial Ecosystems, Inc's 2019 payroll expenses are estimated to be at least $1.74M.
Based on their reported 20 jobs retained, this equals an estimated average yearly compensation of $86,808 per employee1
Reported PPP Proceed Usage:
On the PPP application, Industrial Ecosystems, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $261,000
- Utilities: $6,000
- Rent: $68,000
- Health Care: $11,000
- Debt Interest: $15,700
Business Information - Industrial Ecosystems, Inc in Aztec, NM
49 Road 3150
Aztec, NM 87410
Business Industry:
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Similar Companies near Aztec
In the Aztec area, 23 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 20) and received an average PPP loan of $399,811 (compared to this company's $361,700).
Similar Nearby Businesses Who Received PPP Funding:
3E Energy Services, Inc
Aztec, NM
Eagle Inspection And Consulting, Inc
Aztec, NM
Bill Moss, Inc
Aztec, NM
Mesa Measurement LLC
Aztec, NM
M & R Trucking, Inc
Aztec, NM
Bullet Compression Services Inc
Aztec, NM
Aztec Well Servicing Co
Aztec, NM
Basin Disposal, Inc
Aztec, NM
Madewell Services LLC
Aztec, NM
Industry PPP Comparison Statistics
Nationwide, 20,747 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.84B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 40% lower than Industrial Ecosystems, Inc's reported 20 employees, and received an average PPP loan of $185,312, 49% lower than this company's loan of $361,700.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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