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PPP Loan Data — Mach Energy Services, LLC, Okarche, OK

SBA PPP loan data, payroll data, and salaries for Mach Energy Services, LLC
OK

Mach Energy Services, LLC

Entity: Partnership

Industry: Support Activities for Oil and Gas Operations

Location: Okarche, OK

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Mach Energy Services, LLC is a partnership located at 6650 Nw Expressway in Okarche, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $3,281,400.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 198 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

198

Loan Approved:

2020-04-04

Lender:

MABREY BANK

Mach Energy Services, LLC received a Paycheck Protection Loan of $3.28M through MABREY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mach Energy Services, LLC's total 2019 payroll expenses were approximately $15.75M in order to qualify for the PPP loan amount received.

Based on their reported 198 jobs retained, this equals an estimated average yearly compensation of $79,549 per employee1.

Because the loan received by Mach Energy Services, 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 - Mach Energy Services, LLC in Okarche, OK

Mach Energy Services, LLC
6650 Nw Expressway
Okarche, OK 73762

Business Industry

Support Activities for Oil and Gas Operations (NAICS code 213112)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: OK-03

Similar Companies near Okarche

In the Okarche area, 6 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 198) and received an average PPP loan of $579,813 (compared to this company's $3.28M).

Industry PPP Comparison Statistics

Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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 13 employees, 93% lower than Mach Energy Services, LLC's reported 198 employees, and received an average PPP loan of $215,222, 93% lower than this company's loan of $3.28M.

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.

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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/mach-energy-services-llc-okarche-ok