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PPP Loan Data — Mach Resources LLC, Oklahoma City, OK

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

Mach Resources LLC

Entity: Limited Liability Company (LLC)

Industry: Natural Gas Extraction

Location: Oklahoma City, OK

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Mach Resources LLC is a limited liability company (LLC) located at 14201 Wireless Way, Suite 300 in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $4,569,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.57M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-14

Lender:

MIDFIRST BANK

Mach Resources LLC in Oklahoma City, OK received a Paycheck Protection Loan of $4.57M through MIDFIRST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mach Resources LLC's total 2019 payroll expenses were approximately $21.93M in order to qualify for the PPP loan amount received.

Unlike most businesses, Mach Resources LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Mach Resources 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 Resources LLC in Oklahoma City, OK

Mach Resources LLC
14201 Wireless Way, Suite 300
Oklahoma City, OK 73134

Business Industry

Natural Gas Extraction (NAICS code 211130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OK-05

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, and received an average PPP loan of $180,897, 96% lower than this company's loan of $4.57M.

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, 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/mach-resources-llc-oklahoma-city-ok