PPP Loan Data — Myers Well Service, Inc., Export, PA
Myers Well Service, Inc. is a subchapter s corporation located at 2001 Ball Park Ct in Export, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,750,000.00 in April, 2020.
$ PPP Loan Information
Lender:NEXTIER BANK, NATIONAL ASSOCIATION
Myers Well Service, Inc. received a Paycheck Protection Loan of $3.75M through NEXTIER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Myers Well Service, Inc.'s total 2019 payroll expenses were approximately $18M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $72,000 per employee1.
Business Information - Myers Well Service, Inc. in Export, PA
2001 Ball Park Ct
Export, PA 15632
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-14
Industry PPP Comparison Statistics
Nationwide, 11,335 businesses in the "Support Activities for Oil and Gas Operations" industry received a total of $2,439,543,076.00 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 Myers Well Service, Inc.'s reported 250 employees, and received an average PPP loan of $215,222, 94% lower than this company's loan of $3.75M.
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Footnotes & Information
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