PPP Loan Data — Nitrogen Services LLC, Midland, TX
Nitrogen Services LLC is a limited liability company (LLC) located at 921 N Fairgrounds Rd in Midland, Texas that received a Coronavirus-related PPP loan from the SBA of $2,600,900.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:LIVE OAK BANKING COMPANY
Nitrogen Services LLC received a Paycheck Protection Loan of $2.6M through LIVE OAK BANKING COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nitrogen Services LLC's total 2019 payroll expenses were approximately $12.48M in order to qualify for the PPP loan amount received.
Unlike most businesses, Nitrogen Services LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Nitrogen Services LLC in Midland, TX
921 N Fairgrounds Rd
Midland, TX 79706
Support Activities for Oil and Gas Operations (NAICS code 213112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-11
Similar Companies near Midland
In the Midland area, 332 businesses in the "Support Activities for Oil and Gas Operations" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 0) and received an average PPP loan of $305,402 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Great American Consulting, Inc.
Mid-Tex Pipe & Tube, Inc.
Nathanael Family Inc.
Giebel Petroleum LTD
Alan R Trucking, LLC
True Chemical Solutions LLC
Action Energy Services, Inc
Innovative Packer Consultants, Inc.
Strasner Safety Solutions, LLC
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, and received an average PPP loan of $215,222, 92% lower than this company's loan of $2.6M.
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Footnotes & Information
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