PPP Loan Data — Mesquite Services, LLC, Lubbock, TX
Mesquite Services, LLC
Entity: Limited Liability Company (LLC)
Location: Lubbock, TXTweet This • Search All PPP Data
Mesquite Services, LLC is a limited liability company (LLC) located at 8509 Venita Ave in Lubbock, Texas that received a Coronavirus-related PPP loan from the SBA of $2,110,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Lone Star State Bank of West Texas
Mesquite Services, LLC in Lubbock, TX received a Paycheck Protection Loan of $2.11M through Lone Star State Bank of West Texas, 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, Mesquite Services, LLC's 2019 payroll expenses are estimated to be at least $10.13M.
Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $72,881 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mesquite Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,110,500
Business Information - Mesquite Services, LLC in Lubbock, TX
8509 Venita Ave
Lubbock, TX 79424
General Freight Trucking, Long-Distance, Truckload
NAICS code 484121
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lubbock
In the Lubbock area, 22 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 139) and received an average PPP loan of $366,945 (compared to this company's $2.11M).
Similar Nearby Businesses Who Received PPP Funding:
Randy J Campos
Dennis W. Smith
BC Marshall Inc
High Mountain Transportation LLC
Pate Trucking Co LLC
Dagoberto Noyola Rodriguez
GMP Trucking LLC
Industry PPP Comparison Statistics
Nationwide, 116,089 businesses in the "General Freight Trucking, Long-Distance, Truckload" industry received a total of $4.64B 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 3 employees, 98% lower than Mesquite Services, LLC's reported 139 employees, and received an average PPP loan of $39,939, 98% lower than this company's loan of $2.11M.
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Footnotes & Information
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