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PPP Loan Data — Mesa Natural Gas Solutions, LLC, Loveland, CO

SBA PPP loan data, payroll data, and salaries for Mesa Natural Gas Solutions, LLC
CO

Mesa Natural Gas Solutions, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Commercial and Industrial Machinery and Equipment Rental and Leasing

Location: Loveland, CO

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Mesa Natural Gas Solutions, LLC is a limited liability company (LLC) located at 4025 St. Cloud Dr. in Loveland, Colorado that received a Coronavirus-related PPP loan from the SBA of $3,550,245.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 259 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.55M

Jobs Retained:

259

Loan Approved:

2020-04-12

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Mesa Natural Gas Solutions, LLC received a Paycheck Protection Loan of $3.55M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mesa Natural Gas Solutions, LLC's total 2019 payroll expenses were approximately $17.04M in order to qualify for the PPP loan amount received.

Based on their reported 259 jobs retained, this equals an estimated average yearly compensation of $65,796 per employee1.

Because the loan received by Mesa Natural Gas Solutions, 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 - Mesa Natural Gas Solutions, LLC in Loveland, CO

Mesa Natural Gas Solutions, LLC
4025 St. Cloud Dr.
Loveland, CO 80538

Business Industry

Other Commercial and Industrial Machinery and Equipment Rental and Leasing (NAICS code 532490)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: CO-02

Similar Companies near Loveland

In the Loveland area, 3 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a PPP loan. These local businesses reported an average of 92 employees (compared to this company's 259) and received an average PPP loan of $1,210,416 (compared to this company's $3.55M).

Industry PPP Comparison Statistics

Nationwide, 4,159 businesses in the "Other Commercial and Industrial Machinery and Equipment Rental and Leasing" industry received a total of $707,533,609.00 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, 95% lower than Mesa Natural Gas Solutions, LLC's reported 259 employees, and received an average PPP loan of $170,121, 95% lower than this company's loan of $3.55M.

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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Source: www.federalpay.org/paycheck-protection-program/mesa-natural-gas-solutions-llc-loveland-co