TX

Nighthawk Completion Services LLC

Entity: Limited Liability Company (LLC)

Industry: Drilling Oil and Gas Wells

Location: Spring, TX

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Nighthawk Completion Services LLC is a limited liability company (LLC) located at 2219 Sawdust Rdunit 202 in Spring, Texas that received a Coronavirus-related PPP loan from the SBA of $1,869,500.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 77 people during the applicable loan loan period.

$ PPP Loan Information Loan #6964318503

Nighthawk Completion Services LLC in Spring, TX received a Paycheck Protection Loan of $1.87M through Frost Bank, which was approved in March, 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.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 90. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

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, Nighthawk Completion Services LLC's 2019 payroll expenses are estimated to be at least $8.97M (not accounting for salary amounts > $100k).

Because the 77 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.

Reported PPP Proceed Usage:

On the PPP application, Nighthawk Completion Services LLC reported intending to use the proceeds of their PPP loan for the following expenses:

• Payroll: $1,869,497
• Utilities: $1

Business Information - Nighthawk Completion Services LLC in Spring, TX

Similar Companies near Spring

In the Spring area, 10 businesses in the "Drilling Oil and Gas Wells" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 77) and received an average PPP loan of $461,262 (compared to this company's $1.87M).

Industry PPP Comparison Statistics

Nationwide, 4,866 businesses in the "Drilling Oil and Gas Wells" industry received a total of $731,139,172.00 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 10 employees, 87% lower than Nighthawk Completion Services LLC's reported 77 employees, and received an average PPP loan of $150,255, 92% lower than this company's loan of $1.87M.