PPP Loan Data — Lewis Energy Group, LP, San Antonio, TX
Lewis Energy Group, LP is a partnership located at 10101 Reunion Pl Ste 1000 in San Antonio, Texas that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:TRANSPECOS BANKS, SSB.
Lewis Energy Group, LP received a Paycheck Protection Loan of $10M through TRANSPECOS BANKS, SSB., which was approved in April, 2020.
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 408 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.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 480.
Based on standard PPP eligibility rules, Lewis Energy Group, LP's total 2019 payroll expenses were approximately $48M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 408 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Lewis Energy Group, LP in San Antonio, TX
10101 Reunion Pl Ste 1000
San Antonio, TX 78216
Natural Gas Extraction (NAICS code 211130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-21
Similar Companies near San Antonio
In the San Antonio area, 3 businesses in the "Natural Gas Extraction" industry received a PPP loan. These local businesses reported an average of 139 employees (compared to this company's 408) and received an average PPP loan of $3,381,667 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
San Antonio, TX
City Oriente Inc.
San Antonio, TX
Industry PPP Comparison Statistics
Nationwide, 581 businesses in the "Natural Gas Extraction" industry received a total of $105,101,011.00 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 10 employees, 98% lower than Lewis Energy Group, LP's reported 408 employees, and received an average PPP loan of $180,897, 98% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!