PPP Loan Data — Mcdonald Bottom Hole Pressure Specialist Inc, Thibodaux, LA
Mcdonald Bottom Hole Pressure Specialist Inc is a corporation located at 1113 Burma Rd in Thibodaux, Louisiana that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:South Louisiana Bank
Mcdonald Bottom Hole Pressure Specialist Inc in Thibodaux, LA received a Paycheck Protection Loan of $24,900 through South Louisiana Bank, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Mcdonald Bottom Hole Pressure Specialist Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,760 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcdonald Bottom Hole Pressure Specialist Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,898
- Utilities: $1
Business Information - Mcdonald Bottom Hole Pressure Specialist Inc in Thibodaux, LA
1113 Burma Rd
Thibodaux, LA 70301
Support Activities for Oil and Gas Operations
NAICS code 213112
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Thibodaux
In the Thibodaux area, 10 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $30,782 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
KB Inspection Services LLC
Drill Labs Inc
Brian G Lejeune Inspection Services Inc
Mcdonald Bhp Specialist Inc
KPT Consultant Services, Inc
JP Boudreaux Consulting, LLC
Cambrey Inspections, LLC
Industry PPP Comparison Statistics
Nationwide, 20,810 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $3.86B 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, 500% higher than Mcdonald Bottom Hole Pressure Specialist Inc's reported 2 employees, and received an average PPP loan of $185,360, 644% higher than this company's loan of $24,900.
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Footnotes & Information
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