PPP Loan Data — Maverick Field Services, LLC, La Grange, TX
Maverick Field Services, LLC is a limited liability company (LLC) located at 500 Travis St. in La Grange, Texas that received a Coronavirus-related PPP loan from the SBA of $1,571,938.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 131 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fayette Savings Bank, ssb
Maverick Field Services, LLC in La Grange, TX received a Paycheck Protection Loan of $1.57M through Fayette Savings Bank, ssb, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Maverick Field Services, LLC's 2019 payroll expenses are estimated to be at least $7.55M.
Based on their reported 131 jobs retained, this equals an estimated average yearly compensation of $57,598 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maverick Field Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,571,938
Business Information - Maverick Field Services, LLC in La Grange, TX
500 Travis St.
La Grange, TX 78945
Site Preparation Contractors
NAICS code 238910
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near La Grange
In the La Grange area, 4 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 131) and received an average PPP loan of $418,197 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
William E. Budnik
Hoffmann Dozer Services Incorporated
La Grange, TX
Industry PPP Comparison Statistics
Nationwide, 30,927 businesses in the "Site Preparation Contractors" industry received a total of $4.31B 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, 91% lower than Maverick Field Services, LLC's reported 131 employees, and received an average PPP loan of $139,293, 91% lower than this company's loan of $1.57M.
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Footnotes & Information
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